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Asia clean tanker rates sail to record high on brisk demand for refined products

Clean tanker rates across Asia-Pacific reached multiyear highs June 16, and a record for some routes, as strong demand to lift naphtha cargoes from the Persian Gulf and deliver distillates to Africa and Australia drove up the daily earnings of owners, despite rising bunker prices. Ships are ballasting to Asia from almost every corner of ...
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Grindrod Shipping (NASDAQ:GRIN) Raised to Buy at Zacks Investment Research

Grindrod Shipping (NASDAQ:GRIN – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Zacks.com reports. The firm presently has a $30.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 15.03% from the company’s […]
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