Europe is attempting to buy as much oil and gas as it can ahead of winter, which has resulted in tankers having to travel further distances and make few voyages. The LNG carrier shortage is particularly acute as much of the fleet has already been booked for winter when demand is expected to climb, especially when Freeport LNG restarts. At the same time, traders are putting an increasing amount of crude and fuel in floating storage, which is making the tanker market even tighter. As Europe looks for oil, gas, and fuels from anywhere but Russia, a shortage is developing on the tanker market, Bloomberg has reported , as vessels carrying fossil fuels for Europe have to travel longer distances and fewer voyages. As a result, freight costs are elevated, too, with the cost of sending a tanker of U.S. liquefied natural gas to China at the highest level […]