Independent journal on economy and transport policy
08:25 GMT+2
Tankers chasing too little oil
(Shipping Times)
April 28, 1999
OIL FREIGHT RATESDrop in shipments force shipping rates for crude oil vessels on the Gulf-Asia route to a 12-month low
[SINGAPORE]
OIL tanker owners are looking at a slump in earnings this year as shipping rates for crude oil vessels on the Gulf-Asia route fall to a 12-month low because of output cuts by oil producers.
About 110 crude oil tankers are now parked in the Persian ...... Read more on Shipping Times
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