Cross-UKC Aframax freight rate hits YTD high amid North Sea tonnage crunch
October 24, 2023 Comments Off
Aframax dirty tanker freight rates for cross UK-Continent voyages rose sharply on the day Oct. 23, with market sources citing a tightening tonnage list, increasingly confident owner ideas and the knock-on effect from the recent strengthening of the Mediterranean market. Platts, part of S&P Global Commodity Insights, assessed wet freight on the 80,000 mt UKC-UKC route at w210, or $19.59/mt,…
Cross-UKC Aframax freight rate hits YTD high amid North Sea tonnage crunch
Aframax dirty tanker freight rates for cross UK-Continent voyages rose sharply on the day Oct. 23, with market sources citing a tightening tonnage list, increasingly confident owner ideas and the knock-on effect from the recent strengthening of the Mediterranean market. Platts, part of S&P Global Commodity Insights, assessed wet freight on the 80,000 mt UKC-UKC route at w210, or $19.59/mt,…
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