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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Wars involving oil producers traditionally cause tanker rates to spike. A month into the Russia-Ukraine war, rates for most crude tankers remain abysmally low. Rates for product tanker rates are up but not exceptionally high. “The immediate knee-jerk reaction was: Disruptions create strength in the market,” said Evercore ISI analyst Jon Chappell. “We saw that ...

Fallout from Russia’s invasion of Ukraine is being felt across all shipping markets, but none more so than liquefied natural gas shipping. Consequences to this shipping segment have been immediate, sweeping and possibly permanent. Traditionally, about 30% of U.S. LNG exports has gone to Europe, but the destination mix has dramatically changed. Over the past ...

COVID is not done with shipping yet. China is suffering its worst outbreak since the pandemic began. Shenzhen (population: 17.5 million) went into lockdown Sunday, closing factories. Cases have surged in Shanghai, where new restrictions are in place. Shanghai is the site of the world’s largest port, Shenzhen the third largest. When an outbreak hit ...

Finally, some relief from supply chain bottlenecks for the besieged ports of Los Angeles and Long Beach. In the first two months of 2022, the queue of ships waiting for Southern California berths fell, velocity of cargo moving through terminals increased and more boxes were unloaded at Southern California docks. Relief may be brief, however. ...