Sep. 6 at 11:43 PM
$DHT $ECO $FRO $INSW $TNK The ongoing Strait of Hormuz crisis and the U.S. naval blockade of Iranian shadow tankers have upended China's traditional, highly economical shipping routes. The ongoing Strait of Hormuz crisis and the U.S. naval blockade of Iranian shadow tankers have upended China's traditional, highly economical shipping routes. The Brazil Boom: To fill the void, Chinese independent refiners have turned to Atlantic basin markets, more than doubling crude oil imports from Brazil. However, long-haul journeys from the Atlantic coast of South America to China take exponentially longer—often upwards of 30 to 40 days—tying up tanker capacity and adding immense distance to the supply chain.
