EnergyNotableReportedDeveloping
6.5
Venezuela October oil sales stall as freight costs surge
gCaptain·VE·3 days ago
Sinokor is reportedly asking up to $150 million for a 15-year-old ready-to-deliver tanker, reflecting a sharp rise in secondhand vessel prices. The surge suggests strong demand for tonnage amid tight supply or bullish freight expectations. This signals potential upward pressure on shipping costs and could impact global trade flows.