(Bloomberg) -- Asian freight rates for shipping jet
fuel, gasoline and other clean petroleum products may extend last
week's decline because Japanese stockpiles are adequate, reducing
demand for vessels.
The cost of hiring medium-range or MR tankers capable of
shipping 30,000-ton oil-product cargoes on the benchmark
Singapore-Japan route fell 3.3 percent in the past week to
Worldscale 198.18, the fifth straight week of declines, the
London-based Baltic Exchange said. The rate has slumped 23
percent since May 25.
Read more at Bloomberg Energy News
fuel, gasoline and other clean petroleum products may extend last
week's decline because Japanese stockpiles are adequate, reducing
demand for vessels.
The cost of hiring medium-range or MR tankers capable of
shipping 30,000-ton oil-product cargoes on the benchmark
Singapore-Japan route fell 3.3 percent in the past week to
Worldscale 198.18, the fifth straight week of declines, the
London-based Baltic Exchange said. The rate has slumped 23
percent since May 25.
Read more at Bloomberg Energy News
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