Americas Aframax freight falls 41%-47% on week as relets, ballasters emerge

Freight on the US Gulf Coast-trans-Atlantic and Caribbean/East Coast Mexico-Upcoast Aframax routes fell 41% and 47% week on week, respectively, as cargo inquiries dried up amid a closed trans-Atlantic arbitrage and oil company relets, as well as ballasters entering the market, according to S&P Global Platts data. Softer rates on larger ships, as well as …

Scroll to Top