Wednesday, April 18, 2007

Asian Oil-Product Tanker Rates Rise for a Third Day on Shortage of Vessels

(Bloomberg) -- Asian rates for tankers that ship gasoline, jet fuel and other so-called clean petroleum products rose for a third day on a shortage of vessels.

The cost of shipping 75,000 tons of oil products to Japan from the Middle East increased 0.9 percent to Worldscale 138.13, according to the London-based Baltic Exchange.


Read more at Bloomberg Energy News

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