Independent journal on economy and transport policy
19:47 GMT+2
Oil tankers' rates seen to drop 5-7% next year
(Shipping Times)
November 13, 1998
[LONDON]
Worldscale flat rates for oil tankers will generally fall by between 5 and 7 per cent next year, the Worldscale Association of London said on Wednesday.
The rates would decrease from Jan 1, 1999 to reflect lower bunker prices and changes in port charges, Worldscale said in a statement.
The bunker rate for next year has been calculated at US$82.75 ...... Read more on Shipping Times
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