Oil Tankers Said by Platou to Speed Up as Charter Rates Climb

The fleet of the largest oil tankers sped up in the last few months as charter rates for the vessels climbed, according to Oslo-based RS Platou Markets AS.

Very large crude carriers increased speeds by 1.8 percent to 12.8 knots on average in the period from Feb. 15 to May 17, Oslo-based RS Platou Economic Research, an arm of Norway’s largest shipbroker, said in a report today. Still, that was down more than 5 percent from May 17 of last year, Platou said.

To contact the reporter on this story: Rob Sheridan in London at rsheridan6@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.