Monday, July 16, 2007

Asian Oil-Product Tanker Rates May Increase as Charterers Book for August

(Bloomberg) -- Freight rates for shipping jet fuel
and other oil products on medium- and large-range tankers in Asia
may rise this week as charterers increase bookings for August.

The cost of shipping a 55,000 metric-ton cargo to Japan
from the Middle East climbed for a 12th day, gaining 0.6 percent
to Worldscale 194.81 yesterday, according to the London-based
Baltic Exchange. That translates to $33.92 a ton, according to
data compiled by Bloomberg.


Read more at Bloomberg Energy News

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