Browsing Tag
Freight Rates
2 posts
Supertanker orders smash the 2008 record as the Iran war turns oil shipping into a boom
Tanker owners ordered a record 262 supertankers, topping the 2008 peak, as the Iran war shuts the Strait of Hormuz and sends VLCC rates to all-time highs near $424k/day.
Strait of Hormuz standoff raises risks to global supply of antibiotics, diabetes drugs, and blood pressure medicines
Strait of Hormuz closure disrupts petrochemical feedstocks and logistics for India's generic drug sector, raising US prescription supply and pricing risks.