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It is the best of times; it is the worst of times. Just as spot freight rates for supertankers have reached epic new heights, crude-tanker stocks are plummeting.Rates for very large crude carriers ...
Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship. A large table was created as result. The same scale is used today, although it was merged with the American Tanker Rate Schedule (ATRS) in 1969.
Tankers that had been scheduled to install emissions-cutting equipment ahead of stricter pollution standards starting in 2020 have deferred their visits to the dry docks to capitalise on an ...
Oil tanker freight cost rates could be highly volatile, due to circular dependence on fuel oil prices and ultimately crude prices, to demand for oil tankers to serve non-USGC non-North-Sea trade routes (especially to China), and to demand for using oil tankers as floating storage for crude oil. From 2000 to 2009, oil tanker freight rates ...
Crude Oil Tanker United States: 319540 2010 OLYMPIC TROPHY Crude Oil Tanker Greece: 320159 2010 OLYMPIC LUCK Crude Oil Tanker Greece: 319106 2010 XING YE 9590058 Crude Oil Tanker China: 320557 2014 YONG LE 9623257 Crude Oil Tanker China: 320775 2014 YUAN FU WANG 9843314 Crude Oil Tanker China: 319668 2021 YUAN HUA YANG 9843297 Crude Oil Tanker ...
A surge in demand to ship the flood of crude oil unleashed by Saudi Arabia and its OPEC peers is sending freight rates surging and forcing buyers to seek out space on smaller tankers with the ...