The US-Iran war highlighted the fragility of global supply chains, dependent on maritime chokepoints like the Strait of Hormuz. Disruptions led to increased costs and logistical problems, necessitating "war-room planning" for future crises.
CEO of Danish shipping group says increased costs due to higher fuel bills passed on to customersBusiness live – latest updatesThe boss of the shipping company Maersk has said the reopening of the strait of Hormuz would have a “limited impact” on cargo flows, as the industry grapples with a sharp rise in energy costs.Vincent Clerc, chief executive of the Danish shipping group, said its fuel bill had nearly doubled since the start of the conflict, adding as much as $500m (£367m) in costs per month, but it had passed this on to its customers through higher freight rates. Continue reading...
The Breakwave Tanker Shipping ETF (BWET) has surged over 600% year-to-date as war and disruption in key maritime corridors drive shipping rates sharply higher. The $30 million ETF, launched in May 2023, tracks crude oil tanker freight rates and has gained over 1,000% in the past year. Experts say investors are rethinking where the real leverage in energy lies—shifting focus from volatile oil prices to the infrastructure that moves commodities.
