Business · Trade · 1 day ago

Tanker charter on China route costs more than a Falcon 9 launch

Tanker charter on China route costs more than a Falcon 9 launch

A tanker voyage on a route targeting China is said to cost about $80 million, compared with $74 million for a standard SpaceX Falcon 9 launch.

The commentary says a tanker with nearly the same specifications could have been bought for about that amount earlier in the year.

It links the high cost to disruptions that began with the pandemic and were compounded by sanctions on Russia and restricted shipping through the Gulf and Red Sea.

Those disruptions have affected energy supplies and raised costs for importing countries, including Turkey and European states.

The commentary also says higher food prices have hit poorer populations around the world.

It argues that prolonged crises benefit global financial interests, though it offers no evidence for that claim.

It further alleges that Ukrainian attacks on Russian oil-loading terminals followed a promised increase in Russian diesel supplies, but gives no details of the attacks or the proposed deliveries.

It does not say what happens next.

Sources

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