EnergyHighReportedAccelerating
8.7
Persian Gulf oil exports resume at pre-war levels, but freight and protection costs soar
Dagens IndustriLO·US · IR · SA·about 13 hours ago
Robust freight rates are incentivizing shipowners to keep older vessels in service, reducing scrapping volumes despite higher scrap prices and recycler demand. This extends effective fleet capacity and may ease near-term supply tightness in shipping markets, though it also delays fleet renewal and could prolong emissions from less efficient tonnage.