How are Shipping Stocks Faring During the Energy Crisis?

Описание: Shipping and Freight costs have been putting pressure on the global supply chains and causing inflation to rise. In a snapshot LNG and LPG sector is bullish for oil tankers, however the diversion of trade routes to China and India and strong lobbying from activists regarding ESG policies could have an impact. Russia is a major global exporter of commodities providing 10% of global oil and 38% of EU’s natural gas needs as well as 30% of their crude oil from Russia. The world in some ways needs Russia but that’s equally true in reverse with Russia needing the world. Watch this video to find out more.

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