Tankers: News data-point

Tanker rates rising??

Article has some significant assertions, but not much data to back it up. All I will say is, traditionally, some time in Q4, tanker rates start rising. Exactly when, is really a mind game. Has the Hamas attack, and Israel retaliation impacted the tanker market? Probably.

Logistically, the closest oil to the conflict is the Suez canal- the major crossing point of oil from Middle East to Europe (or vice versa) if headed to India or China (from Russia). I can understand if rates on that traffic jumps. Then possibly, the alternate sourcing options.

1 Like