Long-Range Clean Tanker Rates Hit 8-Month High
negative at W70.00 or -$3,237 a day. That compared with W70.00 or -$3,297 a day on Friday and W72.14 or -$2,674 a day last Monday. In November last year, rates on that route rose to their highest level since earnings were published in June 2012, Baltic Exchange data showed. Buoyant demand for diesel products has boosted tanker activity on the U.S. Gulf to Europe route, known as the backhaul journey as vessels usually travel to the U.S. East Coast first and then pick up return cargoes. Average earnings per day are calculated after a vessel covers its voyage costs such as bunker fuel and port
Trans Atlantic Tanker Rates Higher
were negative at W80.00 or -$1,110 a day. That compared with W80.00 or -$948 a day on Friday and W78.21 or -$1,517 day last Monday. In November last year, rates on that route rose to their highest level since earnings were published in June 2012, Baltic Exchange data showed. Buoyant demand for diesel products has boosted tanker activity on the U.S. Gulf to Europe route, known as the backhaul journey as vessels usually travel to the U.S. East Coast first and then pick up return cargoes. Analysts expect the USG market to see gains this year helped in part by import demand from Latin America. Long
