Long haul trips force surge in Persian Gulf to China VLCC rates
November 6, 2023 Comments Off
VLCC freight rates for hauling crude on the key Persian Gulf to China route jumped sharply to hit a two-month high due to surging demand for shipping Atlantic barrels over long haul voyages, market sources said in the week ending Nov. 10. The the shift in trade flow patterns along with OPEC’s production supply cuts — prevailing for a while…
Long haul trips force surge in Persian Gulf to China VLCC rates
VLCC freight rates for hauling crude on the key Persian Gulf to China route jumped sharply to hit a two-month high due to surging demand for shipping Atlantic barrels over long haul voyages, market sources said in the week ending Nov. 10. The the shift in trade flow patterns along with OPEC’s production supply cuts — prevailing for a while…
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