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Tag Archives: Aframax tanker

Asia Tanker Rates to Slide

Freight rates for VLCCs, which hit a new nine-month high this week, are on course to soften amid a weaker cargo market as owners wait for more charters to be released from the Middle East and labor unrest affects loading programs from West Africa. “I think a lot of owners have started to give up now. It’s way too quiet ...

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Tanker Rates Stand Out In Down Market

The market for hedging oil tanker freight has revived sharply this year to a value of $4.5 billion after years of torpor, with ship owners looking to profit from a freight rally and more energy companies scramble to cover risk, industry sources say. Cheap oil bargain hunters after the price drop and refineries, which have been operating at unusually high ...

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