ENA NEWS · Freight
VLCC Freight Hits Record $11.50 a Barrel on Gulf–China Route
VLCC freight from the Gulf of Oman to China reached about Worldscale 450, equivalent to roughly USD 11.50 per barrel, according to Baltic Exchange data cited by Reuters. Rates also set records on West Africa-to-Asia voyages as security risk reduced available tonnage. Freight is becoming a decisive component of delivered crude economics.
News summary. Original reporting is linked below.
Read original source · Reuters