23 Hrs
Source:
الاقتصادية
Gulf to China Oil Tanker Toll
The oil transportation market from the Gulf to Asia is experiencing a rise in revenues, with the giant vessel en route to China recording approximately $510,000 per day, the highest level since late June, despite security tensions in the region. This comes as Gulf exporters seek to secure more ships for crude oil shipments, with Saudi Arabia, Iraq, and ADNOC collaborating with shipping companies to facilitate transportation operations amid decreasing vessel availability due to tanker attacks and tensions in the Strait of Hormuz. Additionally, a cargo of crude oil carried by the "Mongolia Prosperity" is expected to cost around $31 million, amid high risks and additional insurance costs, as political blockades and sanctions continue to impact shipping movements through the strait.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)