Neil Shearing, chief economist at Capital Economics: Even if ships can now pass safely, the tankers are not in the right position, oil production/refining facilities need to operate at full capacity, and there are still issues regarding the insurance cost and availability for ships passing through the strait.
Neil Shearing, chief economist at Capital Economics: Even if ships can now pass safely, the tankers are not in the right position, oil production/refining facilities need to operate at full capacity, and there are still issues regarding the insurance cost and availability for ships passing through the strait.
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Capita Economics economist Neil Shearing: Even if ships can now pass safely, the tankers are not in the right place, oil production/refining facilities need to operate at full capacity, and issues regarding the insurance costs and availability for ships crossing the strait remain.
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