This special anniversary episode marks 25 years since the launch of the Tankers International VLCC pool — a milestone in the world of crude tanker shipping.

Join CEO Charlie Grey and Chairman Jonathan Lee as they reflect on how the tanker market has transformed since 2000, from double-hull regulations to digitalisation, shifting trade routes, and the new forces shaping global energy transport.

Across two and a half decades, the VLCC market has evolved through changing customers, fuel transitions, and geopolitical shifts — but one thing remains constant: the critical role of VLCCs in powering world trade.

Tune in for a conversation that looks back at the lessons of the past 25 years — and ahead to the opportunities of the next 25.

In this episode of Tanker Talk, we dive deep into the shift caused by OPEC+'s decision to accelerate the unwinding of production cuts. The return of 2.2 million barrels per day is set to reshape the crude oil market, and a significant portion is coming from the Middle East.

Tankers International's Charlie Grey and Mette Frederiksen break down the numbers and explain why this is an opportunity for VLCC owners. We discuss the increased demand for long-haul voyages to Asia, the return of China to the mainstream market, and why a strategic focus on the spot market—rather than time charters—is the key to capitalising on this structural change. Tune in to understand the full impact of these developments on the tonnage balance, freight rates, and the future of the VLCC segment.

In this episode, we explore the performance of the VLCC market in the first half of 2025 and our predictions for the future for the market.