October 31, 2013 (3:51 mins)
Platts EMEA shipping team leader, Angela Velasco, discusses the factors affecting record high freight rates on very large crude carriers with EMEA shipping editor, Shubhlakshmi Shukla; EMEA fuel oil editor, Marko Trtica and North Sea crude editor, Ned Molloy. With firm demand in the Far East for both crude oil and fuel oil cargoes, the team focuses on the interaction between crude and fuel and the effect of the increased rates on the main trade routes.
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Platts 2nd annual Mediterranean Bunker Fuel 2013 conference will provide those in the industry with an opportunity to discuss and acquire solutions to challenges including the expense of burning higher specification and more environmentally friendly fuels, complying with industry standards and emissions targets, fleet conversions, and dealing with decreased profit margins.
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