Aframaxes keep falling as charterers call the shots

Martyn Wingrove - Wednesday 1 July 2009

CHARTER rates for aframax tankers continued to tumble this week as charterers witheld some cargoes to push rates lower, writes Martyn Wingrove

Rates for shipping crude in the Mediterranean have dropped to around W125, or $30,500 per day from a year-high of W220 two weeks ago because of the glut of available tankers. Brokers said there were almo...