Persian Gulf Tanker Rates Are Little Changed as Demand Slows

The cost of delivering Middle East crude to Asia, the world’s busiest route for supertankers, was little changed as demand slowed for loadings in January
Charter rates for very large crude carriers, or VLCCs, on the industry’s benchmark Saudi Arabia to Japan route gained 0.3 percent to 69.54 Worldscale points, according to the Baltic Exchange in London. Returns from the route gained 1.4 percent to $26,277 a day.
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Source: Bloomberg