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Tanker Market Retreated in May

Dirty tanker spot freight rates fell back in May from the sharp gains seen during the previous month, OPEC said in its latest monthly report. Suezmax rates declined 37% m-o-m and Aframax fell 22% over the same period, as ample availability overwhelmed the upward pressure caused by trade dislocations. VLCC rates declined 20%, with losses ...

The post Tanker Market Retreated in May first appeared on Hellenic Shipping News Worldwide.

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Dirty tanker spot freight rates fell back in May from the sharp gains seen during the previous month, OPEC said in its latest monthly report. Suezmax rates declined 37% m-o-m and Aframax fell 22% over the same period, as ample availability overwhelmed the upward pressure caused by trade dislocations. VLCC rates declined 20%, with losses ...

The post Tanker Market Retreated in May first appeared on Hellenic Shipping News Worldwide. [post_title] => Tanker Market Retreated in May [post_excerpt] => Dirty tanker spot freight rates fell back in May from the sharp gains seen during the previous month, OPEC said in its latest monthly report. Suezmax rates declined 37% m-o-m and Aframax fell 22% over the same period, as ample availability overwhelmed ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => tanker-market-retreated-in-may [to_ping] => [pinged] => [post_modified] => 2022-06-17 21:00:59 [post_modified_gmt] => 2022-06-17 21:00:59 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=930803 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )