Oil Shipping Costs Through Strait of Hormuz
TotalEnergies CEO reveals that shipping oil through the Strait of Hormuz costs approximately $20 million per supertanker cargo. This substantial figure highlights the significant profit opportunities available to traders and shipowners operating in this critical global shipping route.
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Shipping Oil Through Hormuz Costs $20 Million, Total CEO Says
TotalEnergies CEO reveals that shipping oil through the Strait of Hormuz costs approximately $20 million per supertanker cargo. This substantial figure highlights the significant profit opportunities available to traders and shipowners operating in this critical global shipping route.
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