CPC-Med Suezmax rate hits 13-month high on April volumes, sparse tonnage

Freight rates for Suezmax voyages loading at Novorossiisk’s Caspian Pipeline Consortium terminal and discharging in the Mediterranean firmed to their highest level in over a year amid a lengthy April CPC crude loading program, tight tonnage in the Atlantic and Mediterranean regions and an uptick in Far East demand. Platts, part of S&P Global Commodity …

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