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LONDON—The cost
of hiring 1-million-barrel-capacity tankers to collect
crude oil from Black Sea ports rose to a record for a
second day on rising demand for crude shipments.
Freight
rates for suezmax tankers, which hold 1 million barrels,
bound from Black Sea ports to refineries in the southern
Mediterranean gained 5 percent to a record 419.2
Worldscale points on Wednesday, according to London’s
Baltic Exchange.
Suezmaxes are a “very active market with no immediate
end in sight,” Oslo-based ship brokers Fearnleys AS said
in an e-mailed report Wednesday.
Worldscale points are a percentage of a nominal rate, or
flat rate, for more than 320,000 specific routes. Flat
rates for every voyage, quoted in US dollars a ton, are
revised annually by the Worldscale Association in London
to reflect changing fuel costs, port tariffs and
exchange rates. (Bloomberg) |
