Oil-shipping rates for Middle Eastern routes have spiked after some tanker owners and managers paused offering vessels as they
Key rates for supertankers voyaging from the Middle East to East Asia rose almost 60% in less than a week, according to shipbrokers and charterers, as exporters who had been trying to book ships were met with few offers. They asked not to be identified as they’re not authorized to speak publicly.
Meanwhile, some owners with tankers that had been provisionally chartered as of Friday, pending confirmation ...