U-Turns of Oil Supertankers in Hormuz Reflect Market Hesitation

Reported about 16 hours ago

Two oil supertankers, the Coswisdom Lake and South Loyalty, recently navigated the Hormuz Strait after performing U-turns, highlighting the cautious attitudes in the oil tanker market amidst ongoing geopolitical tensions. While not Greek vessels, their movements raise concerns as Greece's shipping ministry advises caution for its fleet, given the strait's significance in global oil trade. Major Japanese shipping companies are also reducing their presence in this key maritime route.

Source: YAHOO

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