22
Jan
Record $7 mil Aframax freight for ESPO crude to China amid tonnage shortages
New sanctions against Russian entities, resulting in the blacklisting of over 180 ships, have led to a surge in demand for non-sanctioned tonnage, pushing Aframax tanker freight rates on the Kozmino-to0China 100,000-mt route to an all-time high of $7 million on Jan. 21, S&P Global Commodity Insights data showed. This marked a staggering 324.2% increase, …
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