VOL. XLVI

No 10

10-March-2003

SUPPLY/DEMAND

Aframax Squeeze Raises Mediterranean Charter Rates, Says Poten

Charters rates for Aframax tankers are approaching the unbelievably high Worldscale 400 mark in the Mediterranean, equivalent to about $136,000/day, according to the report Aframax Rates Surge published on 28 February by Poten and Partners, New York. The price surge is attributed to a large number of Aframax tankers being held up by bad weather and to the decision by Italy to join France and...