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WAF-UKC VLCC rate jumps more than 30 points on week to hit w75

October 16, 2023 Comments Off

Dirty freight rates for the Very Large Crude Carrier West Africa to UK-Continent route jumped to a 16-week high Oct. 13, with market participants citing firming sentiment, improved demand and a tightening tonnage list. Platts, part of S&P Global Commodity Insights, assessed wet freight on the 260,000 mt WAF-UKC route at w75 on Oct. 13, up w18 from the previous…