Orkim CEO Sin Bi Cheah warned that the Iran war is putting pressure on the shipping industry, specifically affecting routes that carry clean petroleum products and liquefied petroleum gas (LPG). He made the remarks at Asia‑Pacific Maritime 2026, highlighting heightened geopolitical risk that could increase freight rate volatility, rerouting costs and insurance premiums for energy cargoes. Monitor tanker time‑charter rates, bunker and insurance cost moves for portfolio exposures to energy shipping.
Orkim CEO Sin Bi Cheah warned that the Iran war is putting pressure on the shipping industry, specifically affecting routes that carry clean petroleum products and liquefied petroleum gas (LPG). He made the remarks at Asia‑Pacific Maritime 2026, highlighting heightened geopolitical risk that could increase freight rate volatility, rerouting costs and insurance premiums for energy cargoes. Monitor tanker time‑charter rates, bunker and insurance cost moves for portfolio exposures to energy shipping.
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