Persian Gulf Lacks Sufficient Supertankers for First Time in Almost a Year

The Persian Gulf, the world’s biggest crude-oil loading region, has too few supertankers to haul the fuel for the first time in almost a year, potentially helping to sustain a rally in freight costs.
There are 1 percent fewer very large crude carriers, or VLCCs, for hire over the next 30 days than there are cargoes, according to the median estimate of eight shipbrokers and owners surveyed by Bloomberg News today. There was a 20 percent surplus a week ago.
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Source: Bloomberg