Tanker Weekly – February 26, 2011

February 26th, 2011 by Belisarius

(For The Week Ending February 25, 2011)

Baltic Dirty Tanker Index rose 11.8%; Baltic Clean Tanker Index was up 11.7%.

As with everything happening this week this was also caused by Libya unrest/civil war. Libya crude oil was primarily exported to nearby markets, so drop in Libya production will have to be substituted from producing countries which are more distant. This caused a rise in shipping rates which will probably continue.

,

This entry was posted on Saturday, February 26th, 2011 at 9:32 am and is filed under Commodities, Shipping, Tanker Weekly. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

 
Get Adobe Flash player