Due to geopolitical tensions and bottlenecks in oil transport, China's shipyards are gaining new orders for large oil tankers. These acquisitions are driven by the global need to increase shipping capacity, particularly very large crude carriers, following disruption in key maritime chokepoints.

China’s shipyards are emerging as beneficiaries from the US-Israeli war on Iran, securing new orders as crude transport bottlenecks worsen and global demand for large oil tankers rises. With the United States and Iran effectively blockading the Strait of Hormuz – a chokepoint that handles about a quarter of the world’s seaborne oil – shipping companies are racing to expand capacity, particularly in very large crude carriers (VLCCs) capable of transporting about 2 million barrels of oil per...