Tanker Weekly – February 26, 2011

(For The Week Ending February 25, 2011)

Baltic Dirty Tanker Index rose 11.8%; Baltic Clean Tanker Index was up 11.7%.

As with everything happening this week this was also caused by Libya unrest/civil war. Libya crude oil was primarily exported to nearby markets, so drop in Libya production will have to be substituted from producing countries which are more distant. This caused a rise in shipping rates which will probably continue.


This entry was posted on Saturday, February 26th, 2011 at 9:32 am and is filed under Commodities, Shipping, Tanker Weekly. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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