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21 September 2020 The on-line newspaper devoted to the world of transports 02:38 GMT+2

November 13, 1998

Oil tankers' rates seen to drop 5-7% next year


Worldscale flat rates for oil tankers will generally fall by between 5 and 7 per cent next year, the Worldscale Association of London said on Wednesday.

The rates would decrease from Jan 1, 1999 to reflect lower bunker prices and changes in port charges, Worldscale said in a statement.

The bunker rate for next year has been calculated at US$82.75 ......
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