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How do these tanker contracts work? Are speculators leasing the tankers on a month to month basis? What happens when/if the tanker isn't offloaded at the end o
by willturman 6y ago
How do these tanker contracts work?
Are speculators leasing the tankers on a month to month basis? What happens when/if the tanker isn't offloaded at the end of a contract?
- cascom 6y agoTypically most tankers are owner operated, under a long-term charter or on the spot market they are doing jobs that days/weeks/months It’s a pretty efficient market See this article (Suspect rates have climbed even further as the storage trade becomes more lucrative. https://www.forbes.com/sites/gauravsharma/2020/03/12/supertanker-prices-spike-by-nearly-678-as-oil-price-tanks/#349493947e39 https://www.forbes.com/sites/gauravsharma/2020/03/12/superta...