Baltic-UKC 30 kt freight rate spread at record high amid ice-class shortage
The spread in freight rates to carry a 30,000 mt clean petroleum product cargo on a Handysize tanker between the Baltic-UK Continent and cross-UKC assessments hit an all-time high of $7.07/mt Monday, amid a lack of ice class tonnage. Cargoes dispatched from Russian ports, the most affected by ice restrictions, have risen year on year, …
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