Shipping’s New Normal: Slower Trade, Higher Costs, Bigger Profits

AI Summary

Ocean carriers and tanker owners are benefiting from slower trade resulting from bottlenecks linked to geopolitical tensions, including the U.S. conflicts with Iran and Russia. Despite higher costs and delays, the shipping industry is seeing increased profits.

By Lori-Ann LaRocco – It’s a good time to be an ocean carrier or tanker owner. The slower trade caused by bottlenecks stemming from the U.S. war with Iran, Russia’s...