Asian VLCC rate breaches key w100 mark as crude loadings spike
September 20, 2022 Comments Off
A robust demand for VLCC tankers along with a supply squeeze brought by an upsurge in crude loading from various exporting regions have pushed up the Persian Gulf to China rate above the key 100 Worldscale-points level for the first time in almost two-and-a-half years. Platts, part of S&P Global Commodity Insights, assessed the Persian Gulf to China route basis…
Asian VLCC rate breaches key w100 mark as crude loadings spike
A robust demand for VLCC tankers along with a supply squeeze brought by an upsurge in crude loading from various exporting regions have pushed up the Persian Gulf to China rate above the key 100 Worldscale-points level for the first time in almost two-and-a-half years. Platts, part of S&P Global Commodity Insights, assessed the Persian Gulf to China route basis…
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