With the ongoing crisis in the Strait of Hormuz, the industry is seeing unprecedented disruptions. Supertanker (VLCC) cargo volumes have plummeted by 36%, yet voyages are getting longer as ships divert around the Cape of Good Hope. Sal breaks down the latest data from Lloyd's List and the Baltic Exchange to explain why tanker stocks are sliding, how rates for different vessel types (VLCC, Suezmax, Aframax, and MR tankers) are stabilizing, and what this means for global energy costs. Contact What's Going on With Shipping via: Patreon: www.patreon.com/wgowshipping Twitter: @mercoglianos Bluesky: @mercoglianos.bsky.social Facebook: @wgowshipping Email: mercoglianosal@gmail.com Marine Traffic www.marinetraffic.com Hormuz crisis slashes VLCC volumes by 36% but voyages are longer https://www.lloydslist.com/LL1157100/Hormuz-crisis-slashes-VLCC-volumes-by-36-but-voyages-are-longer VLCCs are once again outperforming aframaxes and product tankers https://www.lloydslist.com/LL1157205/VLCCs-are-once-again-outperforming-aframaxes-and-product-tankers?vid=Maritime&processId=ce0f3b37-e025-4051-9322-9bec1f677aaa Tanker stocks slide as Hormuz-driven rally shows cracks https://www.lloydslist.com/LL1157198/Tanker-stocks-slide-as-Hormuz-driven-rally-shows-cracks?vid=Maritime&processId=139131b3-ecb6-497c-8a79-f08d9223f5e1 IEA Oil Market Report May 2025 https://iea.blob.core.windows.net/assets/2b89a47b-34a2-40e0-90ff-68f7ccd80715/-13MAY2026__OilMarketReport_publicversion.pdf