The global supertanker market is experiencing unprecedented supply-demand tightness, with soaring freight rates rendering some long-haul crude oil trades economically unviable and profoundly altering global energy flow patterns. Saad Rahim, Chief Economist at Trafigura Group, stated directly that the cost of shipping crude oil around the world has never been higher. On core industry benchmark routes, Very Large Crude Carrier (VLCC) daily earnings have surpassed $1.2 million. The valuation of the world's largest tanker stocks surged to a record nearly $70 billion this week. Korean shipping magnate Ga-Hyun Chung, who preemptively invested approximately $7 billion to build the world's largest privately-owned tanker fleet, has become the biggest beneficiary of this freight rate surge. The dramatic increase in freight rates is primarily due to extended tanker shipping distances caused by the US-Iran conflict and Chung's capacity control strategy.