Maritime & Logistics

Global Oil Tanker Shortage is Getting Worse By the Day

Low Severity Asia China
Date Occurred Oct 09, 2026 16:08 UTC
Event Type Maritime & Logistics
Source gCaptain
Recorded Oct 09, 2026
Full Description

For a sign of just how extraordinary oil shipping costs have become, consider this: It’s now more expensive to hire a tanker from the US to China than to launch a rocket into space.

Original Source
https://gcaptain.com/global-oil-tanker-shortage-is-getting-worse-by-the-day/
Country Profile
China flag China
Region Asia
Capital Beijing
Population 19,617,963
GDP / Capita $5000.0
View Full Country Profile
Event Metadata
  • ID #38074
  • Type Maritime & Logistics
  • Region Asia
  • Severity Low
  • Indexed Oct 09, 2026
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