According to Omar Nokta of Clarkson Capital Markets, tonnage fixed to transport crude from the Arabian Gulf to the Far East is commanding $48,900 per day.
In a daily market briefing the equity analyst noted that this is nearly 18% lower than yesterday’s average and represents a weekly decline of more than 32%.
While Nokta described today’s day rate as “relatively healthy” he also acknowledged that it is far weaker than levels seen during the better part of the past two months.
According
