Shipping is once again a major component of an escalating global crisis, this time in the Middle East. However, could the markets be pricing in too much geopolitical risk? In its latest weekly report, shipbroker Intermodal said that “the latest escalat…
How Much Is Too Much Geopolitical Risk? Shipping at The Epicenter of Another Crisis Read More »
Shipping has again been at the “frontline” of geopolitical events, with a >90% drop in vessels transiting the Strait of Hormuz, attacks on vessels and ports, damage to energy infrastructure and highly volatile charter markets. After a dramatic week…
Shipping Markets Hit Record Highs: Taking Stock Read More »
A sharp decline in tanker transits through the Strait of Hormuz and rising floating storage in the Gulf signal a shift toward risk-managed energy transport rather than normal market operations. Recent AIS data now indicates that commercial tanker traff…
Strait of Hormuz Spotlight: Scenario Analysis Read More »
The tanker market, expectedly, is roaring to higher levels, especially for those few braving a crossing of the Hormuz Strait. Still, most are now trapped and the option of floating oil storage is beginning to look more realistic by the day. In its late…
Clean LR2 MEG LR2 freight moved dramatically this week. The TC1 75kt MEG/Japan index ultimately went from WS222 to WS446, with the corresponding TCE climbing to $120,000/day on Baltic description round trip. A voyage west saw the TC20 90kt MEG/UK-Conti…
Tanker Shipping Rates Post Strong Gains on Middle East Worries Read More »