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Tanker markets tip into oversupply with ballast surge
April 28, 2026
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Posted 2 hours ago by
An extraordinary simultaneous build-up of ballast vessels across every major crude tanker segment has moved geopolitically driven disruption into a fundamental demand-side crisis. With the Strait of Hormuz now closed for 60 days, the initial freight rate spike driven by risk premium and trade inefficiency has given way as there simply are not enough cargoes
Splash247
Coverage and analysis from Singapore. All insights are generated by our AI narrative analysis engine.
Singapore
Bias: Unknown
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