January 03, 2025 17:52 GMT
FREIGHT: Mideast Tanker Surplus Narrows to Four-Month Low
FREIGHT
An excess of supertankers in the Middle East compared with crude cargoes for the next 30 days narrowed to 18%, the smallest since early September, according to Bloomberg sources.
- The average for the past 12 months is 25%.
- Earnings on the benchmark ME-China route were $21,643, according to Bloomberg citing Baltic Exchange data.
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