International Seaways expands VLCC fleet through combination with Bruton
The tanker fleet expands, adding crude oil shipping capacity.
Source →The trace
How it reaches your house.
Starting from Frontline plc, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Marine Diesel and Bunker Fuel →Prices riseA larger VLCC fleet should raise marine-fuel demand, which can lift fishing input costs; this edge is highly critical.
66% confidenceMarine Diesel and Bunker Fuel →Stands to benefitA bigger tanker fleet should benefit a significant marine-fuel supplier country with an 11.96% share.
65% confidenceMarine Diesel and Bunker Fuel →Stands to benefitHigher bunker-fuel demand should favor a major supplying country with a 22% share.
64% confidenceMarine Diesel and Bunker Fuel →Stands to benefitWorld Kinect Corporation (World Fuel Services)WKC
The fleet expansion should increase bunker-fuel demand, benefiting a supplier with roughly a 12% share.
61% confidenceHop 2
Saudi Arabia →Prices riseSaudi Arabia supplies 11.96% of marine diesel and bunker fuel, and a larger VLCC fleet should raise bunker-fuel demand and prices.
61% confidenceWorld Kinect Corporation (World Fuel Services) →Prices riseMore VLCC capacity raises bunker-fuel demand, so World Kinect's marine fuel sales can tighten the market and put upward pressure on marine diesel and bunker fuel prices; the effect is moderated by only a 12% share and high substitutability.
54% confidenceChina →Stands to benefit