Explosive Rise of over 800% in Freight Rates Due to Hormuz - Used Tankers up to 62% More Expensive - iefimerida.gr
8 Articles
8 Articles
The VLCC market has seen one of the strongest appreciations in recent years, as the explosive rise in freight rates is now being passed directly onto the prices of used ships. According to an analysis by Xclusiv Shipbrokers, the acceleration has been particularly strong since the end of July, with geopolitical turmoil around Iran and the Strait of Hormuz, reduced actual ship availability and high revenues creating a particularly strong environme…
The VLCC market has seen one of the strongest price increases in recent years, as the explosive rise in freight rates is now being passed directly onto the prices of used ships. According to an analysis by Xclusiv Shipbrokers, the acceleration has been particularly strong since late July, with the geopolitical turmoil surrounding Iran ... More www.ertnews.gr
The cost of shipping fuel has seen an unprecedented jump of more than 800% in the last 12 months, with rates for very large crude carriers (VLCCs) soaring to historic highs of up to $1.2 million per day. The explosive rise is due to geopolitical turmoil around Iran and the Strait of Hormuz, reduced ship availability and high revenues, affecting inflation internationally and in Greece, as well as the prices of used tankers.
War in the Middle East: The market for very large VLCC tankers has seen one of the strongest price increases in recent years, as the explosive rise in freight rates is now being passed directly onto the prices of used ships. According to an analysis by Xclusiv Shipbrokers, the acceleration has been particularly strong since the end of July, with geopolitical turmoil […] The article War in the Middle East: Fuel transport costs up over 800% – Frei…
The VLCC market has seen one of the strongest price increases in recent years, as the explosive rise in freight rates is now being passed directly onto the prices of used ships. According to an analysis by Xclusiv Shipbrokers, the acceleration has been particularly strong since late July, with the geopolitical turmoil surrounding Iran […] The article Geopolitical turmoil is driving up tanker rates and values – Fuel transport costs jump by over 8…
The very large tanker (VLCC) market has seen one of the strongest appreciations in recent years, with freight rates recording an increase of 807.1%... The article Tankers: More than 800% jump in freight rates in one year – Increase of up to 62% in ship values was published in NewsIT.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
