Greg Miller

"The tanker market reached a tipping point in mid-September, skyrocketing with the increase in crude oil volumes leaving the Strait of Hormuz. Over the last three days, rates have breached a new critical threshold, soaring even higher due to the delayed global cascade effect. Just when it was thought that tanker rates could not increase further, they are reaching even more extreme levels," notes analyst Greg Miller in a Lloyd's List article. #TransportsMaritimes #DétroitDOrmuz #SalairesMarins (translated)