𝕏xCN first seen 1 d ago, last 8 h ago, peak #3
US-to-China tanker hire now costs more than a rocket launch
Original: It’s now more expensive to hire a tanker from the US to China than to launch a rocket into space, per Bloomberg
Hiring a tanker to ship fuel from the United States to China has become more expensive than launching a rocket into space, according to Bloomberg. The striking comparison is drawing attention to how far shipping rates for tanker routes have risen, with market watchers citing it as a sign of unusual pressure on energy transport costs between the two countries.
Why now: The surprising cost comparison highlights how extreme tanker shipping rates on the US-China route have become.
Rank over time, top of the chart is #1. 3 snapshots from 1 d ago to 8 h ago.
Evidence
- It’s now more expensive to hire a tanker from the US to China than to launch a rocket into space, per Bloomberg · unusual_whales · 6.8K
API: https://socialmediatrends-api.osmike.com/v1/trends/2297877