Sandy Gas Shortages Drive Tanker Rates Higher
Spot rates for tankers in the oil trade between the Caribbean, the Gulf and the northeastern
Spot rates for oil tankers have increased to the neighborhood of $30,000 per day from $8,500 per day before the storm last week, according to Dahlman Rose, the New York-based investment bank.
The storm-driven surge follows on stronger activity in the European,
The Journal of Commerce