March 18, 2020

Shipping Tanker Rates at Record High - Their Shares Down

It is the best of times; it is the worst of times. Just as spot freight rates for supertankers have reached epic new heights, crude-tanker stocks are plummeting.
Rates for very large crude carriers (VLCCs; tankers that carry 2 million barrels of crude oil) have in some cases topped $300,000 per day, driven by demand from Saudi oil shipping company Bahri.

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2 comments:

Ashwani Kumar Aggarwal said...

Mallah Sey Keh Doh
Ki Langar Uthaa De
Hum Ne Bhi Toofan Ki Jidd Dekhni Hai

Ashwani Kumar Aggarwal said...

Tough Times Never Last- Tough People Do