Freight rates in the Mediterranean market soared almost 30% this week, after new shipping regulations affecting the Turkish Straits caused severe delays to tankers traveling through the Dardanelles and the Bosphorous Straits.
Freight rates in the Mediterranean market soared almost 30% this week,
after new shipping regulations affecting the Turkish Straits caused severe
delays to tankers traveling through the
Dardanelles
and
the
Bosphorous
Straits
.
Aframax cross Mediterranean rates stood at $59,597/day Thursday, up 27.7% on
the week, said Omar Nokta shipping analyst at Dahlman Rose & Co.
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