Gasoil Ship Rates Jump in Europe as BP Charters Oil Tankers
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Rates to ship gasoil in northwest Europe had this year’s biggest weekly increase after BP Plc booked tankers to carry refined fuel from the region to Algeria, draining vessel supply.
Charter costs for flexi-size ships transporting 22,000 metric tons of the heating fuel to Le Havre, France, from Ventspils in Latvia climbed 1.9 percent to 189.58 Worldscale points today, according to data from the London-based Baltic Exchange. They jumped 17 percent for the week.