{"id":344310,"date":"2020-03-31T09:25:25","date_gmt":"2020-03-31T03:55:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344310"},"modified":"2020-03-31T09:43:25","modified_gmt":"2020-03-31T04:13:25","slug":"oil-tanker-rates-double-as-demand-for-storage-and-transport-resurfaces","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-tanker-rates-double-as-demand-for-storage-and-transport-resurfaces\/","title":{"rendered":"Oil tanker rates double as demand for storage and transport resurfaces"},"content":{"rendered":"<p>Supertanker freight rates are on the rise for a second time this month as producers, refiners and traders scramble to secure ships to transport crude or store a fast-growing global glut of oil, industry sources said. <\/p>\n<p>Freight rates for very large crude-oil carriers (VLCC) along the Middle East Gulf to China route were assessed at about $180,000 a day on Monday, up from some $125,000 on Friday and a weekly low of about $90,000 a day on Wednesday, according to several ship broking sources. <\/p>\n<p>&#8220;Its difficult to say whether or not the rates will be sustained, or at what levels, but generally looking at Saudi&#8217;s export plans for the coming months at more than 10 million barrels per day (bpd) &#8211; as well as the demand for floating storage &#8211; then you can expect freight rates to remain strong,&#8221; said Anoop Singh, head of tanker research in Asia at Braemar ACM Shipbroking.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supertanker freight rates are on the rise for a second time this month as producers, refiners and traders scramble to secure ships to transport crude or store a fast-growing global glut of oil, industry sources said. Freight rates for very large crude-oil carriers (VLCC) along the Middle East Gulf to China route were assessed at about $180,000 a day on Monday, up from some $125,000 on Friday and a weekly low of about $90,000 a day on Wednesday, according to several ship broking sources. &#8220;Its difficult to say whether or not the rates will be sustained, or at what levels, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-344310","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=344310"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344310\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}