VOL. XLVII

No 01

5-January-2004

TURKEY

Bosphorus Bottleneck Pushes Tanker Rates Up

The Suezmax and Aframax markets have seen a recent boost in rates driven in part by unplanned delays of up to 20 days in the Bosphorus, according to a report issued on 5 December by Poten and Partners. Spot market exports of crude from the Black Sea have increased during the last three years over the same five-week November-December period, Potens data shows. Black Sea crude carried on spot market tankers over the...