The cost of shipping crude oil from the Middle East to Asia on two-million-barrel tankers may fall for a third consecutive week as vessels available for hire at the end of July outnumber cargoes. Freight rates for very large crude carriers, or VLCCs, on the benchmark route to Japan, unchanged yesterday, were at their lowest in more than three weeks because of a surplus of tonnage.
Green Marine
about 20 years ago
Cost of shipping crude may weaken further
The cost of shipping crude oil from the Middle East to Asia on two-million-barrel tankers may fall for a third consecutive week as vessels available for hire at the end of July outnumber cargoes. Freight rates for very large crude carriers, or VLCCs, on the benchmark route to Japan, unchanged yester
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