BUENOS AIRES – With Middle Eastern transit chokepoints severely constrained and traditional supply channels interrupted, global energy dealers and Asian refiners are actively contracting heavy and light-sweet crude cargoes from Argentina, Brazil, and the US Gulf Coast to keep refinery operations running. This structural realignment encourages commercial fleets to take longer Atlantic-to-Pacific routes, which increases sea-transit days and raises long-distance chartering fees. As regional buyers seek alternate feedstocks to ensure domestic energy security, longer trip lengths increase port calls, bunkering demands, and maritime support requirements in major Southeast Asian transshipment hubs.
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(Source: The Star)
