Andreas S. Koudellou

Oil Product Shipping Costs to Japan…

In Cataclysm, Crisis in Japan, Culture, Economic Institutions, Environment, Financing Reconstruction, Global Economics on April 2, 2011 at 1:09 am

In 2011 the cost of shipping a gallon of gasoline, jetfuel, lng, or any other petro product from the middle east to Japan was virtually unchanged for despite protests througout the Middle East. Today, the cost of shipping these products is set to advance 67%! A 5 year high! As Japan has begun replacing its crippled nuclear industry with power plants burning fossil fuels.
Analysts have rased 2011 earnings estimates for petro transport companies by 24% in four weeks, according to data compiled by Bloomberg.

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