Gulf War - Houthis - Suez Canal - Great Eastern Shipping .SCI may Benefit- PLEASE RECHECK

Blog Comments 

Historically . Great Eastern Shipping / shares risen immensely when ever there was a war in the Middle East , at times , leading to the closure of the Suez Canal

It seems Great Eastern Shipping has 70 per cent of her ships as Tankers . Please click ;-

https://www.greatship.com/business

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A ⁠surge in freight costs ----

The Baltic Exchange quoted West Africa to Asia spot VLCC rates at $142,900 per day at the end of last week, up 27% in seven days.

 

Spot VLCC earnings from Fujairah in the UAE have eased to just below $180,000 per day, down from close to $300,000 earlier in March.

Suezmax and aframax rates continue to move higher, with the market increasingly driven by disrupted trade flows and west-east arbitrage, however.

Tonne-miles are rising, and more tonnage is being pulled east.

Aframaxes on the US Gulf to Europe route are now earning around $235,000 per day, above Middle East VLCC levels.

Source

https://www.tradewindsnews.com/tankers/iran-war-energy-crunch-slows-west-africa-tanker-exports-as-refiners-keep-hold-of-oil/2-1-1967729 

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