Fuel tanker costs surge on Red Sea crisis – Bloomberg ...News

Houthi attacks in the waterway have prompted many companies to redirect vessels to longer and more expensive routes The cost of shipping fuel by sea has in some cases soared above $100,000 a day due to continued disruptions in the Suez Canal and Red Sea caused by attacks by the Houthi rebels, Bloomberg reported this week. According to data from the Baltic Exchange in London, the price of shipping oil and refined products from the Middle East to Japan surged by 3% on Thursday alone, to $101,000 a day, the highest cost for that particular route since 2020. The same trend has been observed for vessels carrying fuel f

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