Lloyd's List argues the market is in uncharted territory because the Strait of Hormuz has never closed, yet spot tanker rates remain elevated and replacement crude is more available than expected. The mismatch complicates rate forecasting and hedging.
The Strait of Hormuz has never been closed before, so how this plays out for tanker rates is hypothetical.
There have already been some surprises: spot rates are staying higher for longer, and replacement crude supplies are more abundant than expected
This finding is one of many signals tracked across Maritime Shipbuilding. The live feed updates every few hours with new expert voices, debates, and emerging ideas.
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