Saturday 12 July 2014
 
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freight rates

Mideast crude tanker rates at 3-month low

Crude oil tanker earnings on the major Middle East route fell to their lowest in over three months on Wednesday as a surplus of vessels took its toll on rate sentiment. The world's benchmark VLCC export route from the Middle E

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Asia refiners target Dubai-priced Mideast crudes

Asian refiners are snapping up Middle Eastern and Russian crudes priced on the comparatively cheaper Dubai marker, shunning Brent-linked Atlantic Basin grades that have become too expensive as the European benchmark strengthens. B

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Dry bulk freight rates 'may bounce back'

The dry bulk freight rates are set to bounce back from their seven-month low by early next year, said a top official of a ship brokerage firm in Dubai. Dry bulk shipping involves the movement of large quantities of coal, iron ore, wheat an

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