Rates for shipping products such as petrol have jumped as some vessels sail longer distances to avoid the Red Sea after attacks by Iran-backed Houthi rebels. This has tightened the market, first boosting costs of long-distance routes via the Middle East, and now spilling into voyages within Asia.
The cost of shipping 35,000 tonnes of fuel from South Korea to Singapore jumped almost 50 per cent over the last week to more than US$49,000 (S$65,700) a day, the highest since 2022, according to Baltic Exchange data. Meanwhile, the cost of larger tankers connecting the Middle East to Japan has hit the highest since 2020.
Denne historien er fra January 30, 2024-utgaven av The Straits Times.
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Denne historien er fra January 30, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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