Jakarta, CNBC Indonesia – The world is again threatened by a new ‘apocalypse’. This time, it was related to the shortage of ships which made shipping costs high and became a new threat in the energy sector.
To collect Tight Times who launched BloombergThis is due to the increasing number of ships sailing to Europe. This is to save the continent from an energy crisis due to an embargo on some Russian fuels.
Experts say this is actually a simalakama fruit for others. The greater distance from Europe meant that transport ships took longer to fill up and delayed the return to navigation.
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“This triggered a rise in global freight rates, shipping experts said,” the media wrote, referring to shipping experts, quoted Wednesday (9/21/2022).
Research tariffs for natural gas (LNG), for example, are at a high level for this year. The price is believed to have broken a record in the winter of last year.
“The cost of shipping oil cargoes from the United States (US) to China is the highest since 2020. Transportation of petrochemical naphtha cargoes from the Middle East to Japan more than doubled in March, according to data from the Baltic Exchange.
Not just the tariffs, the shortage of ships is also a threat. This will have an impact on Asian economies, especially those that import oil and gas from the United States.
“They may have a hard time getting stock loads on short notice if the weather gets very cold this winter,” said traders and shipowners.
“With shipments of petrochemical raw materials becoming more expensive to transport. This then weighs on buyers who are grappling with slow demand for chemicals as the pace of production slows,” added the observer.
This is also recognized by the owner of the wrecks. This was confirmed by the CEO of Flex LNG Management, Oystein Kalleklev.
“There are very few LNG ships available for charter during the winter and only for short cruises,” he stressed on the same page.
He admitted that his party has currently prepared its fleet to be able to transport LNG from Texas to the United States. It is understood that LNG cargo facilities in the state itself will resume operations in November after being hit by a fire in June.
“The shipowners have prepared their fleets and the shipowners are demanding their ships back so they will be available when the Freeport LNG export facility in Texas resumes operations,” he added.
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