Global supertanker orders surge to 262 vessels, the highest ever, as shippers secure capacity through 2030 due to Middle East risks.
The global orderbook for Very Large Crude Carriers has reached an all-time high of 262 vessels, surpassing the previous record of 254 set in September 2008. Orders have jumped by 99 since the start of 2026, driven by heightened geopolitical risks in the Strait of Hormuz and long-term demand expectations.
Shippers are locking in delivery slots for 2029-2030, with about 10% of the world’s non-sanctioned fleet now on order. The surge reflects concerns over potential disruptions in key oil transit routes and a strategic bet on future crude transport demand.
The trend underscores a shift in the oil shipping market, as companies prioritize capacity expansion amid persistent supply chain uncertainties.