Chinese shipbuilders snap up more supertanker orders as Iran war turmoil drags on

Chinese shipbuilders, already commanding a firm grip on the global market, have emerged as beneficiaries as turbulence in the Middle East and volatile oil prices lead to more orders for supertankers. Global operators are racing to place orders as their businesses are swept up by skyrocketing freight rates and geopolitical tidal waves, according to the latest data from the Baltic International Maritime Council (BIMCO), the world’s largest international shipping association, that was reported by..