GMS Week 40 – Scarcity Puts Chattogram On Top

AI Summary

Tankers transiting the Strait of Hormuz were reportedly struck by unknown projectiles, and another vessel caught fire on October 1, although its crew was reported safe. The incidents underscore persistent risks to Gulf shipping despite a recovery in crude cargo flows.

The Gulf supplied another reminder this week that improved cargo flows do not equal normal shipping conditions. Several tankers were reportedly struck by unknown projectiles while transiting the Strait of Hormuz, followed by another tanker incident on October 1 in which a vessel caught fire, with the crew reported safe. Gulf crude movements have recovered ...