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The article concerns a record-breaking surge in maritime oil transportation costs, resulting from the escalation of the war in the Gulf and the disruption of major shipping lanes, which has significantly increased shipping expenses. Super tankers transporting oil from the Middle East to China are now earning around $800,000 daily — the highest recorded level. Experts predict that these high freight rates could persist at more than double historical levels, exceeding $100,000 per day, into next year, due to shipping bottlenecks and a shortage of available vessels. Additionally, the rise in Brent crude prices above $100 per barrel for the first time since July is intensifying pressure on oil and fuel prices. Some ships are now taking longer routes around Africa due to attacks, further raising transportation costs. In this environment, oil companies are seeking to expand their fleets and reduce dependence on traditional tankers to ensure continued oil supplies amid rising costs.
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