Oil shipping rates surge after US sanctions tighten global fleet

2025-01-13 16:01

Posted By: ASMI · Industry News

Freight rates for VLCCs that can carry two million barrels of crude across major routes jumped after Unipec, the trading arm of Asia’s largest refiner Sinopec, chartered several supertankers on Friday.

Oil shipping rates surge after US sanctions tighten global fleet

Administrator

Association of Singapore Marine and Offshore Energy Industries (ASMI)

Last Updated Date

2025-01-13 16:00

About ASMI

The Association of Singapore Marine & Offshore Energy Industries (ASMI) is a non-profit trade association representing companies in Singapore’s marine and offshore energy sector.

Explore

What We Do Our People Why Join Us Member's Directory Events & Trainings Tools & Resources

Mailing List

Subscribe to our mailing list to receive the latest news and updates from ASMI

Get In Touch

9 Jurong Town Hall Road #04-03 Trade Association Hub Jurong Town Hall, 609431

Phone: 6264 6436

Email: admin@asmi.com