
Supertankers Racing to Middle East Worsen Ship Crunch
Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz.
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Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz.

A Saudi-owned VLCC has been struck off Yanbu in the northern Red Sea, extending the Houthi campaign against Saudi shipping to one of the kingdom’s most important alternative crude export routes. The 320,926 dwt Amzan was hit around 63 nautical miles west of Yanbu on August 24. UK Maritime Trade Operations said an unknown projectile …
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