business / news / / Reuters
Glencore and Taiwan's state refiner CPC have chartered a tanker each.
Glencore and CPC have each chartered a tanker to load Middle Eastern crude post-ceasefire.
KEY POINTS
- Spot VLCC shipping rates on the Middle East-Asia route have more than doubled since the conflict.
- Iran's Revolutionary Guards navy published alternative shipping routes to help ships avoid naval mines.
- Some shippers remain cautious, as Iran requires permits for vessels to transit the Strait of Hormuz.
COMPANIES
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