Asia clean tanker rates sail to record high shippingherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shippingherald.com Daily Mail and Mail on Sunday newspapers.
Clean tanker rates across Asia-Pacific reached multiyear highs June 16, and a record for some routes, as strong demand to lift naphtha cargoes from the Persian Gulf and deliver distillates to Africa and Australia drove up the daily earnings of owners, despite rising bunker prices. Ships are ballasting to Asia from almost every corner of .
The financial sanctions thrusted upon Russia by the West, in an attempt to push back its aggression against Ukraine, may or may not deter military action but it could certainly shift bunker fuel demand from the Far East Russian ports to North Asia –South Korea, Japan, and China– industry sources said in the week that .
Global tankers freight recovery likely to be slow – report shippingherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shippingherald.com Daily Mail and Mail on Sunday newspapers.
Global tanker markets are expected to see better days in 2022 on the back of a likely increase in trade of oil and oil products, but the return to a pre-pandemic era can still be painful due to upcoming deliveries and slower scrapping of old ships. Higher bunker prices are also eroding earnings, though it .