Americas spot clean tanker freight rates are up 27%-80% since the start of February, depending on the route, due to the tight availability of ships on the US Gulf Coast and exacerbated by port congestion in the region and discharge delays in East Coast Mexico. While the average wait time for USGC cargoes to discharge …
The post Mexico port delays tighten Gulf tanker supply, sharply boosting freight rates first appeared on Hellenic Shipping News Worldwide.