Supertanker Freight Rates Up Sharply as US-China Trade War Envelops Ports

Summary MidEast to Asia VLCC rate hit 2-week high on Monday China to charge about $15 million in port fees for US-linked VLCC, trader says Ships divert to Zhoushan after US sanctions Rizhao port (Reuters) – Supertanker freight rates surged this week and are set to stay elevated on U.S.-China tit-for-tat hikes in port fees … Read more