Russian demand keeps freight prices high – particularly for one tanker type
Whereas freight rates for VLCCs are falling again, aframax tankers are making a lot of money transporting Russian oil. US demand is also supporting rates, writes a ship broker.
by DAG HOLMSTAD
Aframax tankers have over a long period loaded oil in Russian ports and sailed cargoes to Asia, prompting tonne-mile demand and carriers’ rate income to increase, writes French ship broker BRS in its latest newsletter on the tanker market.
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