Red Sea Disruptions Spark Oil Tanker Shortfall
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.
Source: oilprice.com
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Oil Tanker Shortage Emerges After Red Sea Crisis Disrupts Global Trade
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Oil Tanker and Container Shipping Rates Hit Record Highs
The blockage in the Red Sea has caused a significant increase in global shipping rates, with daily charter earnings and freight costs soaring, leading to heightened inflationary pressures and affecting global trade.
Source: oilprice.com
A Shipping Market Overview During the Second Half of 2021 | Hellenic Shipping News Worldwide
Introduction and Overview The Shipping markets saw unprecedented volatility during 2021 with time charter rates reaching all time highs in the Container and LNG markets, and decade highs in the Dry Bulk markets, before giving up a large portion of those gains at year end. The Tanker markets have truly been a story of two ...
Source: hellenicshippingnews.com
Arctic blast in Texas could reinvigorate Clean Tanker markets | Hellenic Shipping News Worldwide
Oil prices surged above USD 93/bbl after a massive winter storm made its way to Texas yesterday, bringing back memories of this time last year when Winter Storm Uri swept across the Southern United States between 13th and 17th February 2021. It was a nightmare for the oil refining industry, but one man’s poison is ...
Source: hellenicshippingnews.com