BIMCO Tanker Market Analysis: Longer routes and higher rates as EU bans Russian oil and products

So far this year, The Baltic Exchange Dirty Tanker Index (BDTI) has on average been 86% higher than during 2021 and The Baltic Exchange Clean Tanker Index (BCTI) has on average been 113% higher. – The IMF has lowered its global economic growth forecast to 3.2% for 2022 and 2.9% for 2023, and highlights that …