Asia Aframax freight rates at year high on Iran sanctions, China crude oil quota

Asia Aframax freight rates at year high on Iran sanctions, China crude oil quota
Asian Aframax freight rates hit a new high for the year on a surge in loadings from both the Middle East and Southeast Asia as Chinese independent refiners get fresh crude oil import quotas, market participants said. The impending US sanctions against Iran, which are expected to hit Tehran’s energy exports, have seen refiners rushing ... read more
Source: Shipping NewsPublished on 2018-10-12
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