Oil Supertankers in Doldrums With Bunker-Fuel Costs High
- Benchmark rates at lowest since March, crimping earnings
- Ships now ballasting slower to save on fuel costs: Vortexa
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The summer doldrums are here for oil supertankers.
Freight rates on the benchmark route from the Middle East to Asia have slipped to their lowest levels since March, meaning lower earnings for those vessels, Baltic Exchange data show. At the same time, ship-fuel costs have jumped.