Giant Oil Supertanker Orders Eclipse Record Set in 2008

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...

By Alex Longley, Weilun Soon · Bloomberg Markets

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.