PIF Energy launches $2bn VLCC buying spree - Splash247
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US energy trader PIF Energy has unveiled plans to spend $2bn acquiring up to 15 crude tankers, with purchases already underway as the company moves to secure shipping capacity through the Strait of Hormuz. The Dallas-based company, founded and led by chief executive Ben Morrow, specialises in crude oil and refined products trading, supply and …

US energy trader PIF Energy has unveiled plans to spend $2bn acquiring up to 15 crude tankers, with purchases already underway as the company moves to secure shipping capacity through the Strait of Hormuz. The Dallas-based company, founded and led by chief executive Ben Morrow, specialises in crude oil and refined products trading, supply and …

Sea area: Strait of Hormuz · Region: Indian Ocean
Country: US
Category: Industry & regulation, Capability & shipbuilding, Trade disruption
Source: Splash247 · 8 Oct 2026