The extreme cold temperatures that hit Texas the week started Feb. 14 caused port closures that locked up tonnage and provided a silver lining for shipowners, already struggling with rates beneath the w100 psychological mark since May 2020 due to low demand for shipping crude following production cuts. Freight for the benchmark 70,000 mt USGC-UKC …
The post TANKERS: Texas freeze boosts USGC Aframax freight rates to nine-month highs first appeared on Hellenic Shipping News Worldwide.