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Tuesday, September 29th, 2020
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Tag Archives: Oil tanker rates

Tankers Sail to U.S. Gulf as Rates Surge

Photo of the bow of an oil tanker taken from the perspective of the ship's bridge

Reuters, January 6, 2020 HOUSTON, Jan 6 (Reuters) – A flotilla of oil tankers is sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast to take advantage of surging shipping rates, according to shipping sources and Refinitiv Eikon data. Eight tankers, an unusually high number, are in the Atlantic and steaming to the United States, with capacity …

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