Disruptions in the Red Sea shipping routes have led to a severe shortage of oil tankers globally, tightening shipping capacity and driving daily rates higher.
Shortage of Oil Tankers at Hand as Red Sea Attacks Divert Trade bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Shortage of oil tankers at hand as Red Sea attacks divert trade ajot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajot.com Daily Mail and Mail on Sunday newspapers.
The Panama Canal, the century-old engineering marvel that revolutionized global trade, is being squeezed shut by drought and forcing shippers worldwide to face a painful choice.