Tanker rates up 700 per cent - Bloomberg

Mar 19 2020


Earnings from benchmark tanker rates jumped 700% the past week to $243,000 a day, according to data from the Baltic Exchange in London, quoted in a Bloomberg article.

“It’s a great time to be a tanker owner,” said Burak Cetinok, head of research at Arrow Shipping Group Ltd., a ship broker in London. “The near term prospects for the tanker market are exceptionally positive.”









 

Bloomberg article


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