WebFeb 28, 2024 · Freight rates spiked on various export routes from the Baltic and Black Sea, partly because owners facing security risks and compliance uncertainties are reluctant to charter vessels to buyers of Russian crude. ... through which Russia exported on average 1.7m barrels per day of crude oil in 2024.” Meanwhile, Urals crude is being sold at a ... WebAug 2, 2024 · The freight rate for hauling crude from Indonesia to Japan jumped to $24.76/mt on Aug. 1 -- the highest since January 2024 -- following a major shift in trade flows of various dirty petroleum products, tight supply of ships in Asia and elevated bunker prices, market sources said Aug. 2.
Why this tanker shipping depression is different from past …
Web1 day ago · Oil Updates — Crude prices dips; IEA expects global oil market to be tight in H2 2024 Brent crude fell 8 cents to $87.25 a barrel by 11.30 a.m. Saudi time, while US … WebDec 6, 2024 · According to one shipping analyst at Jefferies, day rates to ship crude oil could potentially climb to between $150,000 and $200,000 a day. ... day rates to ship crude oil could potentially climb ... e town concrete discography
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WebApr 12, 2024 · Since February 5, the average rates for tankers shipping fuels have more than doubled, according to the Clean Tanker Index published by the Baltic Exchange and cited by Reuters. Trade Routes Shift Ahead of the EU ban on Russian petroleum products, Russia began to divert its oil product cargoes to North Africa and Asia. WebOct 15, 2024 · October 15, 2024. The VLCC freight market saw a surprise rate increase in September, accompanied by an increase in demand (in terms of ton-days and miles), leading to a further improvement in … WebAug 25, 2024 · Looking ahead, supply and demand freight market dynamics will see improvements in 2024 due to continued rebound in global oil demand and scheduled easing of supply cuts that will support crude and product tanker shipments and freight rates’ upturn. Market consensus is that 2024 will be the year of freight rates’ increase above … firethorne country club waxhaw nc