Oil Tanker Charter Costs Surge to Rocket-Launch Levels
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Insights by Echo AI
Bloomberg reports that chartering a vessel to transport oil from the U.S. to China now costs as much as launching a SpaceX rocket, due to a global shortage of tankers exacerbated by tensions in the Strait of Hormuz. The daily rate for such a journey has soared from $60,000 last year to $1.3 million this week, adding around $25 million to costs for a 20-day journey.
Source coverage
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The cost of shipping oil from the Mideast to China has soared The dai...
Bloomberg: фрахт судна для перевозки нефти из США в КНР стоит дороже з...
Фрахт танкера с нефтью из США в Китай стал стоить как пуск ракеты Spac...
RT @ZiadMDaoud: The cost of shipping oil from the Mideast to China has...
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