Americas Aframax freight spikes nearly 68% amid shift in weakening WTI arb environment
A bullish Americas Aframax market, which has seen freight for trans-Atlantic voyages out of the US Gulf Coast climb 67.7% since Sept. 29, is adding fuel to the fire of an already weakening arbitrage for WTI exports to the European market. Freight for the benchmark 70,000 mt USGC-UK Continent route was last assessed Oct. 13 ...
Source: hellenicshippingnews.com