The World Is Running Out of Oil Tankers

A global shortage of supertankers is pushing maritime freight rates sharply higher, making long-haul crude shipments increasingly expensive. The squeeze is particularly affecting routes between the US, Middle East and Asia, where transport costs now add significantly to the delivered price of oil. Refiners face higher landed costs, tighter margins and greater pressure to source crude closer to home.

Source

https://www.supplychainbrain.com/articles/44881-shortage-of-supertankers-threatens-long-haul-oil-flow