The U.S. Navy has entered into a contract with U.S. Marine Management to charter a U.S.-flagged tanker at almost double the average market rate.
This shows the government’s commitment to secure U.S.-flagged ships that meet its stringent military operations requirements.
Although the charter rates in the Pacific are low, the Navy’s need to obtain ships with stringent specifications, operational demands and adherence to certain national standards has led to this increased...