Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level
Shipping costs have exploded as the war in the Persian Gulf has led to a shortage of available tankers.
Tropical Storm Isaias formed early Wednesday in the warm waters off eastern Mexico and is forecast to strengthen into a hurricane, potentially hitting the U.S. Gulf Coast later in the week. Currently located about 285 miles west of Progreso, Mexico, and 580 miles southwest of the Mississippi River’s mouth, the storm has maximum sustained winds of 40 mph and is moving east-northeast at 8 mph.
The National Hurricane Center's initial projections suggest the storm could make landfall between eastern Louisiana and the western Florida Panhandle.
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- Tropical Storm Isaias forms, forecast to become a hurricane and hit the US Gulf Coast this week winnipegfreepress.com
- Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level cnbc.com
- Tropical Storm Isaias forecast to hit US Gulf coast as hurricane early Saturday investing.com
