 Home > Chemicals Industry > Petrochemical News > Global oil freight rates soared and the demurrage of oil tankers was $100,000 per day

Global oil freight rates soared and the demurrage of oil tankers was $100,000 per day

 Last Update: 2023-01-04
 Source: Internet
 Author: User

Tags

7 days jobs

oil distributors near

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

As shipping costs soared, so did the bills for berthed
vessels.
In the tanker market, daily freight rates for delaying a vessel (like a taxi waiting in a meter) now reach around
$100,000, according to traders and shipbrokers.
These waiting fees, known as demurrage, are not unheard of in some places with delays of up to 7 to 10 days, eroding profits from oil spot trading
.

Such delays in loading and unloading are not uncommon
when factors such as bad weather in the North Sea make loading too risky, or when coronavirus control slows logistics at ports.
Recently, two vessels scheduled to load Forties oil at a pier off the coast of Scotland were scheduled to carry Forties oil were delayed for nearly a week
, according to people familiar with the matter.
Another tanker from Kazakhstan has been waiting
near the Netherlands since Nov.
10.

Due to the imminent European embargo on Russian oil, the work of the global tanker fleet is increasingly tight, forcing cargo to travel longer distances
.
This also makes it difficult to find alternative vessels at short notice, as longer voyages effectively boost demand
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Microcrystalline Wax For Vaseline

CAS No.: 63231-60-7

Cosmetic Grade

$1528-1530/MT FOB

J0050 EPDM /EPM viscosity index improver Ethylene Propylene Rubber

CAS No.:

$3600-3800/MT EXW

Xanthan Gum 80 mesh oil drilling grade CAS 11138-66-2

CAS No.: 11138-66-2

Industrial Grade

$2000-2300/MT FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.