![Tanker Market Update – OPEC Production Boosts VLCC Rates [VIDEO]](https://gcaptain.com/wp-content/uploads/2012/06/Picture-52.jpg)
The latest update from Teekay’s Market Analyst Christian Waldegrave on the global marine tanker markets, including a look at how OPEC oil production influences tanker rates.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
The world’s shipowners have placed orders for a record number of new oil supertankers, surpassing a boom back in 2008 that ultimately led to a glut and a collapse in rates.
The United Arab Emirates said on Tuesday it was quitting OPEC, dealing a heavy blow to the oil producers' group as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf nations.
President Donald Trump said Tuesday he has directed the U.S. government to provide political risk insurance and financial guarantees for maritime trade transiting the Persian Gulf, while signaling that U.S....
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
