Ship Fuel Shortages Emerging Due to Mideast War, Supplier Says
An oil products tanker docked beside a distribution service center area at Shen'ao Port in New Taipei City.
Photographer: I-Hwa Cheng/AFP/Getty ImagesShortages of shipping fuel are starting to emerge in Asia and West Africa as vessels seek supply outside the Middle East, according to marine fuel trader Monjasa Group.
The UAE port of Fujairah just outside the Strait of Hormuz — normally a key hub for shipping fuel — has suffered disruption from drone attacks. The uncertainty there is creating new and unexpected demand, according to Casper Borgen, general manager for Middle East and Africa at the firm.