Tanker freight explodes as sanctions and route shifts deepen a vessel squeeze
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Sinokor’s rapid acquisitions and time‑charters—tied through transactions to an entity linked with Gianluigi Aponte—have concentrated control of about 120 VLCCs , removing a large share of immediately hireable tonnage and helping push benchmark earnings above $120,000/day . That private consolidation is amplifying a wider, geopolitically driven tonne‑mile shock (longer voyages, redirected cargoes and floating storage), extending spot‑rate volatility into 2026 and lifting second‑hand values and newbuilding appetite.



