Global crude tanker rates have recently attained all-time highs, a development attributed to continued instability in the Middle East Gulf region.
Clarksons Research, the data and intelligence division of the Clarksons Group, indicated these record transportation costs. This assessment was made after reviewing the elevated rates.
Steve Gordon, Global Head of Clarksons Research, noted that crude tanker rates peaked on Friday, 12th September. This information was reported by Hellenic Shipping News Worldwide.