Supertanker Daily Charter Price Hits Record High Amidst Geopolitical Tensions
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Insights by Echo AI
The daily charter price for supertankers carrying crude oil has reached an all-time high of $1.2 million, driven by geopolitical tensions, particularly those surrounding Iran, and increased demand on routes between the Middle East and Asia. According to shipping broker Braemar, this cost has more than doubled since late August and has also seen a significant increase on routes from Brazil to China.
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