Asia Crude Tanker Rates to Rebound on Saudi Shipments

Thursday, March 03, 2011

According to a March 3 report from Reuters, rates for crude oil tankers on key Asian freight routes are expected to rebound in the short term as Saudi Arabia pumps more oil to make up for a near halt in Libyan exports. For products, rates are likely to remain near 2011 lows due to stagnant activity and ample tonnage. The world's benchmark Very Large Crude Carrier (VLCC) export route from the Middle East to Japan tumbled to a one-month low of $14,096 a day, from $42,726 a day last week on scant demand, especially from China.

 
(Source: Reuters)
 
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Duffy Named President of Carnival Cruise Line

Christine Duffy has been named president of Carnival Cruise Line, Carnival Corporation & plc. announced today.   Duffy, currently president and CEO of Cruise Lines International Association (CLIA),

Los Angeles Container Volumes Drop

November container volumes down 3 percent at Port of Los Angeles; year-to-date volumes up 6.5 percent   Overall containerized cargo volumes in November 2014 have

Transpacific Box Shippers Plan Freight Rate Rise

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1226 sec (8 req/sec)