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Oil Supertankers Get New Trades After Houthi Attacks

OIL PRODUCTS

Some of the world’s largest oil supertankers are instead loading diesel in the latest sign of how Houthi attacks have shifted flows, Bloomberg said.

  • At least one VLCC with a capacity of 2m bbl is headed from the Middle East to Europe, while another is in process of loading, Kpler said.
  • At least five more are expected to switch from dirty to clean products, potentially loading up to 14m bbl on VLCCs.
  • This is the result of Houthi attacks on shipping routes which boosted earnings for smaller vessels hauling gasoline and diesel.
  • Large cargoes arriving in one go could create some volatility of supply, Bloomberg said.
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