Fuel Tankers Try to Dodge Atlantic Monster Storms
- Chaotic weather forces vessels to keep finding new locations
- Unusual shipping routes open up as new storms appear
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Traders are shifting fuel tankers around the world like chess pieces to stay one step ahead of Mother Nature.
One natural disaster is difficult enough to trade around. This week, traders have been hit with not one, but four, as three hurricanes and an earthquake rattled the western hemisphere. That’s upsetting the typical flows of commodities across the globe, with potential arbitrage opportunities opening and closing with each new weather forecast.