Kazakh crude pipeline outage to have mixed effect on tanker rates
Cracks were found in subsea cables during scheduled maintenance, leading to the temporary closure of two of the three Caspian Pipeline Consortium marine terminal moorings
Analysts say it is difficult to quantify the impact at this stage. On the one hand, a loss of 1m barrels per day from the export terminal will hit aframaxes and suezmaxes, while on the other, longer-haul alternatives from the Middle East and US Gulf could boost rates
