The unprecedented increase in orders for super tankers to 217 vessels from the beginning of 2026 to date indicates major changes in global oil trade routes due to the military conflict between the United States and the Islamic Republic. Data from the shipping analysis company 'Signal Group' shows that this number is double the 93 vessels registered in 2025. Additionally, 'Alide Shipbroking' estimates the number of new orders at 164 vessels compared to 83 vessels last year.
Factors Behind the Increase in Orders
The effective closure of the Strait of Hormuz following the conflicts is one of the main factors contributing to the increase in orders. Previously, about one-fifth of the world's oil and liquefied natural gas passed through this waterway. Currently, Asian and European refineries have turned to more distant sources, especially the United States and the Atlantic region, to replace Middle Eastern oil.
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U.S. crude oil exports have reached historical highs, and South American producers, particularly Brazil, Guyana, and Argentina, are also increasing supply. Forecasts indicate that oil production on the eastern coast of South America will increase by 2.5 million barrels per day by 2030, with a large portion of this oil being transported to Europe and Asia. This increase in transport distance further boosts the demand for large tankers.
Challenges in Oil Transportation
Gulf producers are facing new challenges. Many shipowners are reluctant to expose their tankers to the risk of attacks by the Islamic Republic in the Strait of Hormuz. As a result, some oil is being transported by smaller vessels from the Gulf and transferred to larger tankers in the Sea of Oman.
The damage to the East-West pipeline in Saudi Arabia has also intensified the pressure. Lars Barstad, CEO of the tanker company 'Frontline', has stated that Saudi Arabia will have to increase its presence in the maritime oil transport market, at least temporarily.
The cost of transportation has also surged significantly. According to data from 'Alide Shipbroking', the daily rate for super tankers has risen from about $132,000 before the war to over $500,000. Additionally, about 20% of the world's super tanker fleet is over 20 years old and needs replacement. Demand for oil transportation on long routes is expected to continue in the coming years.
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