Asian Aframax Oil Tanker Rates Are Steady Before Start of July Bookings

(Bloomberg) -- The cost of shipping 80,000 metric
tons of oil on Asian routes, which has risen the last two weeks,
may be little changed before hirers start making bookings for
July, shipbrokers said.

The rate of shipping crude or fuel oil on so-called Aframax
tankers to Singapore from Kuwait was unchanged at Worldscale
145.96 yesterday, according to the London-based Baltic Exchange.
The cost of shipping on the route has risen 5.2 percent in the
last two weeks.


Read more at Bloomberg Energy News