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

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May 30 (Bloomberg) -- 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

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