23/04/2015at 11:57

Fearnley: Spot rates on crude oil transports have peaked

Rates on crude oil transports from the Middle East to the Far East seem to have peaked for now, says Fearnley, pointing to a softer rate level going forward.

by DANIEL LOGAN

After steadily rising to towering levels, it now looks like the market for crude oil transports has peaked, and that the rates will reach a somewhat softer level going forward, says Norwegian analyst agency Fearnley in an update Thursday.

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