Bloomberg: Mediterranean Oil Tanker Rates Near Six-Year High on Libya Cargo

“The cost of shipping oil across the Mediterranean Sea surged to the highest in almost six years as traders accelerated bookings to load Libyan cargoes at a time when tankers are being delayed reaching the region. Aframax ships hauling 80,000 metric ton cargoes to southern European refineries from North African exporters are earning $137,687 a day, according to data today from Poten & Partners, a New York-based shipbroker.”