World & BusinessOil supertanker shortages and the $1 million-a-day shipping squeeze
A Bloomberg Opinion column says a supertanker shortage has triggered the biggest-ever rally in crude shipping costs, but argues those rates aren’t a new normal.
TLDR
Bloomberg Opinion’s September 21, 2026 column frames $1 million-a-day oil tankers as the next inflation shock. It says a shortage of supertankers has driven a record rally in crude shipping costs. But with orders for new supertankers heading to a 50-year high, the column argues that current rates won’t become a new normal.
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Oil supertanker shortages and the $1 million-a-day shipping squeeze
A Bloomberg Opinion column says a supertanker shortage has triggered the biggest-ever rally in crude shipping costs, but argues those rates aren’t a new normal.
