Huge Supertanker Bet Keeps Growing With US Gulf Locked Up

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A shipowner’s once-in-a-generation wager on oil tankers has made it so powerful that it controls an overwhelming majority of supertankers that can collect American oil next month.A push by South Korea’s Sinokor group — with backing from Mediterranean Shipping Co. — to scoop up very-large crude carriers has given it unprecedented control over a big share of the global fleet for immediate hire. The spree has been called “seismic”Bloomberg Terminal by a rival and pushed hiring costs to multiyear highs.