CMES forecasts up to 248% profit surge on tanker super-cycle
China's largest shipping group expects first-half earnings to more than triple as geopolitical disruption boosts tanker returns while dry bulk markets continue to recover.
Read the full articleYou might also wanna read

Iran oil stuck at sea surges as China's teapots turn to rival Middle East supplies, traders say
The return of U.S. sanctions this week risks leaving Tehran with more cargoes searching for buyers just as shipments arrive in Asia
Port of Antwerp Bruges reports lower first half cargo volumes as disruptions and geopolitics reshape trade
Container volumes slipped but #PortOfAntwerpBruges retained market share despite strikes and geopolitical disruption. #RobSmeets highlights

Japan-owned supertankers head to Strait of Hormuz with Saudi Arabian oil, data shows
The latest move would raise the total volume of crude oil aboard Japan-linked vessels exiting the Strait of Hormuz to 16 million barrels
Freight shipping costs surge as companies race to beat new Trump tariffs
Rates reach highest since 2024 Red Sea crisis in anticipation of fresh levies from US
Tanker Rates Soar, But Hormuz Opening May Move Them Either Way, CMB.Tech Boss Says
By Mathias de Rozario and Jerome Terroy May 19 (Reuters) – The tanker market is booming, but whether reopening the Strait of Hormuz would s

Oil price today: Oil surges as US-Iran ceasefire collapses, inflation risk jumps
Traders are nervous another closure of the Strait of Hormuz to shipping could swiftly force oil, gas and coal prices higher in an upward inf

Comments
Sign in to join the conversation.
No comments yet. Be the first.