(Bloomberg) -- The rate for shipping fuel on
tankers that can carry between 80,000 metric tons and 120,000
tons on Asian routes may extend a decline until refiners and
traders increase vessel bookings for August.
The cost of shipping 80,000 tons of crude oil on so-called
aframax tankers to Singapore from Kuwait dropped 0.6 percent to
Worldscale 135.58 on July 13, according to the London-based
Baltic Exchange. It fell for a third week, losing 5.2 percent in
the week ended July 13.
Read more at Bloomberg Energy News
tankers that can carry between 80,000 metric tons and 120,000
tons on Asian routes may extend a decline until refiners and
traders increase vessel bookings for August.
The cost of shipping 80,000 tons of crude oil on so-called
aframax tankers to Singapore from Kuwait dropped 0.6 percent to
Worldscale 135.58 on July 13, according to the London-based
Baltic Exchange. It fell for a third week, losing 5.2 percent in
the week ended July 13.
Read more at Bloomberg Energy News
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