Oil transportation expenses on European routes soared to a four-year high, and the oil transportation sector may hit the bottom and rebound
TolandAbraham
Apr 11
Our reporter Jiao Yue Shi Lu Following the super cycle of centralized transportation and dry bulk transportation, there are obvious signs of recovery in the oil transportation market. On March 4, the freight rate of the European route of Baltic oil tanker increased by US $30000 to US $241000 / day, at least the highest since 2008. According to dateyes, as of March 4, the Baltic maritime transport index (crude oil) BDTI was 1474 points, up 103.3% from 725 points on February 23 this year, while...
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