Tanker charterers cancel voyages, defer deals; owners seek routes outside Gulf

Trading companies and oil importers have deferred chartering for several tankers in the Persian Gulf and released those previously hired, prompting owners to seek employment elsewhere to maintain cash flow, several Asia-based shipping brokers, owners and charterers told Platts, part of S&P Global Energy, March 5. At least half a dozen Long Range (LR) tankers were released in the last 24 hoursTrading companies and oil importers have deferred chartering for several tankers in the Persian Gulf and released those previously hired, prompting owners to seek employment elsewhere to maintain cash flow, several Asia-based shipping brokers, owners and charterers told Platts, part of S&P Global Energy, March 5. At least half a dozen Long Range (LR) tankers were released in the last 24 hoursRead More