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27.06.26 - 09:01
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South African Freight Firms Brace for Mass Anti-Migrant Protests (Bloomberg)
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South African freight operators are delaying deliveries, mapping alternative routes and weighing additional security before anti-migrant demonstrations scheduled for June 30, as they seek to shield workers and cargo from possible disruptions along some of the busiest transport corridors....
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26.06.26 - 23:21
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Tanker Rates Nearly Halve As Hormuz Shipping Normalizes (ZeroHedge)
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Tanker Rates Nearly Halve As Hormuz Shipping Normalizes
The recent spike in the cost to hire a supertanker carrying 2 million barrels of crude from Saudi Arabia to China is now being sharply reversed, as more shippers send vessels through the Strait of Hormuz and normalization trends continue to improve.
Bloomberg reports that tanker rates for the Saudi Arabia-to-China route tumbled to about $287K on Friday, down 44% from more than $514K on Tuesday. That data came from the Baltic Exchange.
Rates remain elevated and still highly profitable for owners, but the sharp drop late in the week suggests the market is beginning to normalize after an interim U.S.-Iran peace deal reduced the war risk premium around the Hormuz chokepoint. Early movers certainly capitalized on lofty rates last week.
According to Bloomberg data, 48 vessels have transited the narrow waterway on Friday, though that does not include ships that switched off their transponders.
By the end of the week, Brent crude fell below $72 ...
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26.06.26 - 14:27
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Warships, Helicopters, Transport Planes: US Military Shifts Assets To Quake-Ravaged Venezuela (ZeroHedge)
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Warships, Helicopters, Transport Planes: US Military Shifts Assets To Quake-Ravaged Venezuela
Venezuela's massive twin-earthquake disaster, which unfolded on Wednesday evening, has left dozens of apartment towers and other structures in ruins. The death toll has climbed to about 235, with at least 4,300 people injured. On one independent monitoring platform, the number of missing topped 50,000 overnight.
The sheer scale of the disaster across several districts of Caracas has prompted an international response, with the U.S. Southern Command deploying military assets to the quake-ravaged country. The disaster also marks a major test for acting President Delcy Rodríguez in a post-Maduro world.
SOUTHCOM is deploying the USS Fort Lauderdale, USS Billings, C-17 and C-130 transport aircraft, reconnaissance platforms, helicopters, and other mobility assets to assist U.S. personnel, search-and-rescue teams, and interagency partners as they assess damage, locate survivors, and deliver emergency aid....
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