TotalEnergies' CEO says supertanker freight through Hormuz now costs $20 million, or $10 per barrel, with Gulf producers discounting cargoes to $50-$60. For supply chain and logistics professionals, this is a powerful signal of war-driven freight inflation, capacity tightening, and new transshipment patterns in the Gulf of Oman.
TotalEnergies CEO's $20M VLCC freight figure reveals commodity-market fracture: Gulf barrels trade at $50–$60 while Brent sits above $90, creating a $30+ per barrel arbitrage for traders and shipowners. For investors, this is a story of tanker-owner windfalls, product-market tightness and capped crude upside.
Source: gCaptain · Bloomberg
The Houthi strike that killed four crew in the Bab el-Mandeb strait and the U.S. blockade's 12th vessel strike off Pakistan are ratcheting up supply chain disruptions, with insurance costs surging and Suez Canal transits plummeting 22%.
Four crew members died in a Houthi attack on a cargo ship in the Red Sea, the first civilian fatalities since the Iran war began, while a U.S. strike hit a container vessel off Pakistan. This escalation reshapes naval threat calculus for defense planners.
Source: gCaptain · al-monitor.com