Crude tanker rates look set for a fall Tanker FFA values

Brokers say spot rates returning to May levels as more ships available

Martyn Wingrove - Wednesday 1 July 2009

CHARTER rates for crude tankers are likely to fall in the third quarter due to the rising number of available vessels.

Spot market rates for crude tankers on all the major routes increased at the start of June to reach their highest levels for six months, but since June 22, rates for suezmax and aframax tankers have fallen back by 15%-20%.

Rates ...

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