Freight to spurt if tankers rerouted via cape on war risk: sources
December 19, 2023 Comments Off
The global oil tankers industry has mostly included the longer route of Cape of Good Hope as an option to move cargoes to Europe from the Persian Gulf and the Red Sea, which if exercised can push up the freight by over 10% in the near term and even much higher over the next few months, several market participants said…
Freight to spurt if tankers rerouted via cape on war risk: sources
The global oil tankers industry has mostly included the longer route of Cape of Good Hope as an option to move cargoes to Europe from the Persian Gulf and the Red Sea, which if exercised can push up the freight by over 10% in the near term and even much higher over the next few months, several market participants said…
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