Platts launches Yanbu to Far East VLCC dirty tanker freight assessment, May 4

AI Summary

Platts has introduced a new freight assessment for VLCC tankers on the Yanbu to Far East route. This launch reflects ongoing market developments in response to geopolitical tensions following the US-Israel war and regional blockades.

Platts, part of S&P Global Energy, has launched a new VLCC tanker freight assessment for the 270,000-mt Yanbu to Far East route, effective May 4. The assessment launch follows extensive industry consultations, analysis of market data and direct feedback from market participants since the start of the US-Israel war with Iran and the blockade of ...