Mideast-U.S. Tanker Rates Seen Higher as Ships Head to Asia
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Charter rates for the largest oil tankers hauling Middle East crude to the U.S. climbed after stronger demand drew vessels to Asia, according to shipbroker Braemar Seascope Ltd.
Earnings to carry cargoes to China topped those for crude bound for the U.S., London-based Braemar Seascope said today in an e-mailed report. Rates “jumped up” because shipowners were unwilling to accept lower returns, it said.