In the LOOP: Larger Suezmaxes making more trips from USGC to Europe on rising Aframax rates

Capt. John

Unusual strengthening in the US Aframax tanker market has compelled more crude oil shippers to use larger Suezmax vessels in recent weeks, according to shipping sources.

There have been at least nine vessels placed on subjects on the voyage charter market over the past two weeks making the trans-Atlantic voyage from the USGC to Europe, six Suezmaxes and four Aframaxes, according to S&P Global Platts data.

Aframaxes are typically used to carry crude across the Atlantic to Europe; however, recent...

http://blogs.platts.com/2018/09/18/loop-larger-suezmaxes-usgc-europe-aframax-rates/

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