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Crude tankers racking up large losses

Crude tankers are racking up significant losses. The Baltic Exchange reported yesterday that the TD3 between the Middle East Gulf to China did not move up to more than WS 31.21, and that because of higher bunker prices the timecharter equivalent (TCE) earnings dropped to a negative of $316/day, meaning freight rates do not cover …

WP_Post Object ( [ID] => 239791 [post_author] => 76 [post_date] => 2021-02-04 07:36:43 [post_date_gmt] => 2021-02-04 07:36:43 [post_content] =>

Crude tankers are racking up significant losses. The Baltic Exchange reported yesterday that the TD3 between the Middle East Gulf to China did not move up to more than WS 31.21, and that because of higher bunker prices the timecharter equivalent (TCE) earnings dropped to a negative of $316/day, meaning freight rates do not cover …

[post_title] => Crude tankers racking up large losses [post_excerpt] => Crude tankers are racking up significant losses. The Baltic Exchange reported yesterday that the TD3 between the Middle East Gulf to China did not move up to more than WS 31.21, and that because of higher bunker prices the timecharter equivalent (TCE) ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => crude-tankers-racking-up-large-losses [to_ping] => [pinged] => [post_modified] => 2021-02-04 08:00:43 [post_modified_gmt] => 2021-02-04 08:00:43 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=135721 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )