A surge in premiums or new route warnings signal that tanker risk is structural, and this could create a situation of ongoing volatility even if tanker attacks remain unrealized. In effect, the market initially reacted to perceived shipping risk, but as the weekend passed without a direct incident, some of that risk premium has been pulled back, even though the underlying vulnerabilities remain. According to Reuters, freight brokers report that clean-product tanker voyages from the Gulf to Asia, which previously cost around $3.3 to $3.5 million per voyage, are now being quoted as high as $4.5 million.
Author: Charles Kennedy
Published at: 2025-06-16 23:00:00
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