
The Hormuz Houdini Act: Ships Vanishing Faster Than My Sobriety
Alright listen up Morty. Seems like these uh *burp* these ship captains are about as thrilled about sailing through the Strait of Hormuz as I am about family dinners. Israel and Iran are playing a real life game of 'Battleship,' and nobody wants to be the unlucky cruiser. Jakob Larsen from Bimco bless his bureaucratic heart is saying there's a 'modest drop' in ships. Modest? Morty that's like saying my drinking is a 'slight tendency.' It's a full blown galactic catastrophe!
Oh The Places You WON'T Go! (Unless You're Desperate for Cash)
So why the sudden maritime vanishing act? Well Morty it's all about risk. High risk equals high reward or in this case higher freight rates and crew wages. That's right some poor saps are willing to risk getting blown to smithereens for a few extra bucks. 'Wubba Lubba Dub Dub!' indeed. Desperate times Morty desperate times. It's the circle of life Morty only instead of lions and zebras it's greedy capitalists and explosions. *Burp*.
Strait Up Oil Crisis: Prepare For Astronomical Gas Prices Morty!
The Strait of Hormuz isn't just some ditch in the ocean Morty. It's the world's most important *burp* oil chokepoint. 20.9 million barrels a day Morty! That's like a whole lotta 'splosions just waiting to happen! If this thing gets blocked prepare for gas prices higher than my IQ (and that's saying something!). So buckle up Morty because we're about to enter a world of hurt at the pump. You hear that? That's the sound of Jerry buying a Prius. *Burp*.
Containergeddon: Your Amazon Packages Are Doomed!
And it's not just oil Morty! This strait is also key for global container trade. Dubai's Jebel Ali Port? That's a transshipment hub Morty. Meaning it's a fancy pit stop for all your Chinese manufactured garbage. If ships can't get through your fidget spinners and Rick and Morty merchandise are gonna be stuck in limbo. Oh geez Rick that's awful!
Red Sea Redux: History Repeats Itself (Badly)
Remember the Houthi rebels in the Red Sea Morty? Well it's déjà vu all over again. Peter Tirschwell from S&P Global Market Intelligence is saying shipping groups are already 'shying away.' And like he said "the very threat of military activity around a narrow important routing like the Strait of Hormuz is going to be enough to significantly disrupt shipping" Morty! It doesn't take much to scare these guys! Reminds me of Jerry at a clown convention. *Burp*.
Payday For Pirates: Higher Freight Rates Higher Stakes
Of course where there's chaos there's opportunity! Freight rates are jumping like a kangaroo on caffeine. Up 24% for tankers to China Morty! And David Smith from McGill and Partners is saying insurance rates *could* go up. Ah capitalism! So beautiful so disgusting. Anyways Morty let's just hope this doesn't turn into a full blown interdimensional war. I've got better things to do than mediate a peace treaty between space lizards and sentient toasters. Like inventing a new flavor of Szechuan sauce. *Burp*.
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