Search results
Results From The WOW.Com Content Network
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.
On Friday, Oct. 11, headlines blared of crude-tanker rates topping $300,000 per day, but the reality didn't quite match the initial hype.Those numbers were for conditional deals, known in the ...
The exchange is the source of market-wide information and publishes seven daily indices made up from a suite of wet and dry bench-marked time-charter and voyage routes: Baltic Dry Index (BDI) Baltic Panamax Index (BPI) Baltic Capesize Index (BCI) Baltic Supramax Index (BSI) Baltic Handysize Index (BHSI) Baltic Dirty Tanker Index (BDTI)
SINGAPORE/LONDON (Reuters) - Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of ...
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 ...
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 ...
Fuel tankers earned more than $40,000 a day for the last 14 weeks as a result of strong appetite for fuels and longer trading routes.
An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. [1] The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardize shipping contract terms. [2] Due to their favorable size, Aframax tankers can serve most ports in the world.