Rising oil tanker charter rates, driven by global shipping disruptions, are prompting oil shippers to shift towards longer-term shipping charters. Factors such as geopolitical tensions, sanctions, and logistical challenges are contributing to increased sailing times and heightened shipping costs, driving up demand for vessels, says an article published on reuters web site.
Summary- Rising oil tanker charter rates, propelled by global shipping disruptions, are prompting oil shippers to shift...
https://mfame.guru/long-term-leases-surge-amid-tightening-tanker-supply/