Tankers: Longer hauls to support continued strength | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
BIMCO Tanker Market Analysis: Longer routes and higher rates as EU bans Russian oil and products hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Following two slow COVID years, Russia’s invasion of Ukraine, and the market upheaval that has followed, freight rates have risen up to rarely-seen levels. In the three months since 24 February 2022, the Baltic Exchange Clean Tanker Index (BCTI) has more than doubled, while the Baltic Exchange Dirty Tanker Index (BDTI) has increased by 25%. .