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flag Tanker rates surge over 50% due to high Asian demand and sanctions on Russian energy.

flag Tanker shipping rates, especially for VLCCs, are surging by over 50% due to high demand from Asia and fewer available vessels. flag Sanctions on Russian energy and tankers are reshaping the market, driving up crude prices and freight rates. flag While a ceasefire in Palestine could boost Suez Canal traffic, new ship deliveries and versatile tankers could cap gains. flag The market is volatile but expected to strengthen, particularly for VLCCs, due to increased global oil demand and production.

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