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India-bound oil supertanker booked in Gulf at 897% of benchmark freight rate
A supertanker has been provisionally booked to ship oil from the Persian Gulf to India at a staggering rate, nearly nine times the benchmark freight cost. This eye-watering price highlights a severe shortage of available vessels in the region. The high demand, driven by increased exports and the need to move stuck cargoes, is forcing buyers to pay premium rates, with ships taking weeks to return to the Persian Gulf.
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economictimes.indiatimes.com
India-bound oil supertanker booked in Gulf at 897% of benchmark freight rate
A supertanker has been provisionally booked to ship oil from the Persian Gulf to India at a staggering rate, nearly nine times the benchmark freight cost. This eye-watering price…
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oilprice.com
VLCC Earnings Near $470,000 a Day as Hormuz Hopes Drive Tanker Frenzy | OilPrice.com
Gulf tanker rates have nearly doubled in a week as shippers race to secure vessels betting on a tentative Strait of Hormuz reopening.
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zerohedge.com
Oil Tanker Earnings Soar To $470,000 A Day As Hormuz Hopes Drive Tanker Frenzy
Oil tanker rates have soared since the US and Iran announced the memorandum of understanding as oil importers scramble to charter vessels to pick up Persian Gulf cargoes in the…