Tanker Market Surged in October
Dirty tanker spot freight rates surged in October, with record VLCC rates driving Suezmax and Aframax rates higher, OPEC said in its latest monthly report issued this week. The return of disrupted volumes, ongoing trade dislocations, export inefficiencies and longer voyages kept tanker availability constrained. VLCC rates stood at more than ten-times year-ago levels. On ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
