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Americas Aframax rates near year-low after brief upheaval in shipping market

With John Delapp

May 19, 2016 09:49:57 EST (2:57)

The Aframax market in the Americas was on a veritable roller coaster ride at the end of April, and various factors may prompt another price reversal in the near future. John Delapp recaps how the cost of shipping a cargo from the Caribbean to the US Gulf Coast changed course so quickly, why freight rates are fairly steady now, and what many market participants see as lending upward pressure over the next few weeks.

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