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WORLDSCALE RATES
India-bound oil supertanker booked in Gulf at 897% of benchmark freight rateA supertanker has been provisionally booked to ship oil from the Persian Gulf to India at a staggering rate, nearly nine times the benchmar...- PetroChina, Indian Oil fail to secure tankers to load Iraqi crudePetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find vessels. Sinoc...
- Iran conflict disrupts global shipping as tankers are stranded, damagedWar risk insurance for ships in the Gulf is being cancelled. The Iran conflict has disrupted shipping. Several tankers are damaged. Two sea...
- Twin crises send cargo ships back to 18th century trade routesHitting routes that handle almost 20% of trade, the issues are forcing vast detours by the global merchant fleet, driving up freight bills,...
- Shipping costs soar as war and climate risks upend tradeRates for another class of ships known as long-range tankers also jumped. They can move about 600,000 barrels of oil.
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