Following two slow COVID years, Russia’s invasion of Ukraine, and the market upheaval that has followed, freight rates have risen up to rarely-seen levels. In the three months since 24 February 2022, the Baltic Exchange Clean Tanker Index (BCTI) has more than doubled, while the Baltic Exchange Dirty Tanker Index (BDTI) has increased by 25%. …
The post Rise In Demand And Tonne Miles To Secure Sustained Tanker Recovery first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John