Oil-tanker rates for shipments from the Middle East to Asia fell to the lowest level in almost seven months because of a surplus of vessels available for hire. Freight rates for so-called very large crude carriers, those capable of carrying 2mn barrels, have declined 20%
Green Marine
about 20 years ago
Gulf tanker rates fall to 7-month low on ship glut
Oil-tanker rates for shipments from the Middle East to Asia fell to the lowest level in almost seven months because of a surplus of vessels available for hire. Freight rates for so-called very large crude carriers, those capable of carrying 2mn barrels, have declined 20%
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