Middle East events are putting upward pressure on rates due to capacity premiums in tanker industry, with tanker rates reaching ~$500k/day driven by oil demand.
speaker1
The ripple effect includes inflationary pressure from higher diesel prices, which weighs on transportation margins due to lag in fuel surcharge recovery.
Asks if supply chain bottlenecks similar to 2021-2022 could occur and which sectors would be affected first.
speaker2
speaker1
Doesn't expect pandemic-level bottlenecks because main impact is on crude energy markets; container shipping from Asia to California continues unless prolonged energy shortages affect manufacturing.
Asks how sharply freight and tanker rates will rise due to vessel rerouting around choke points.
speaker2
speaker1
Colleague's note calls for over $500k/day time charter rates; driven by demand and insurance withdrawals making Strait of Hormuz effectively shut down.
Adds that as a FedEx pilot would avoid the airspace, increasing costs.
speaker3
speaker1
Air markets are most impacted after ocean; Middle East airspace shutdown reduces cargo capacity on commercial flights, affecting FedEx, UPS, DHL (DHL most exposed).