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International Tankers and Gas Finance

Freight futures suggest muted fourth-quarter tanker rally

Fourth quarter of the year contract for VLCC shipping 280,000 tonnes to China from Saudi Arabia was valued at $8.13 per tonne on September 25, according to the Baltic Exchange. That compares with $6.07 per tonne for the balance of the September

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Forward freight agreements are not only an indicator of current sentiment but used by oil companies, traders and shipowners to hedge the future price of freight for shipping crude and refined products

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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