Demand for oil tankers from the Persian Gulf has pushed prices to a record level - FT
Kyiv • UNN
The cost of supertankers has exceeded $130 million - the highest level since 2008. Middle Eastern exporters are seeking vessels to circumvent problems in the region.
Demand for oil tankers to transport cargoes from the Persian Gulf has increased, and vessel prices have reached record levels. Middle Eastern countries are trying to secure their own fleets and find ways to export oil amid shipping problems in the region. This is reported by the Financial Times, according to UNN.
Details
Growing demand for oil tankers to transport oil from the Persian Gulf has driven vessel prices to a record high, as Middle Eastern countries seek ways to export cargoes despite ongoing strikes on vessels
According to available data, the cost of new and modern second-hand vessels in the largest oil tanker class exceeded $130 million over the past quarter, the highest figure since 2008.
At the same time, according to the publication, one-year charter rates for supertankers have also reached an all-time high. Prices are being influenced, in particular, by oil-exporting countries seeking to secure their own fleets to transport cargoes. Demand has risen especially for available second-hand vessels and tankers that can be chartered.
Physical control over assets is also important for some exporters in the Middle East
Producers such as Iraq, which do not have their own vessels, are offering larger discounts than usual to persuade buyers to take the risk and pass through the Strait of Hormuz
We remind you
The US military created a covert shipping corridor in the Strait of Hormuz to transport millions of barrels of oil every day.