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
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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