Asian Aframax freight rates reach over 2-year high on strong market fundamentals

Highlights
Asian Aframax strengthens on trade flow change
East-West freight gap leaves tight supply of ships in East
The freight rate for hauling crude from Indonesia to Japan jumped to $24.76/mt on Aug. 1 — the highest since January 2020 — following …
Asian Aframax freight rates reach over 2-year high on strong market fundamentals