Donald Bogden saysmedium-range product carriers saw rates climb $110,000 on a lump sum basisMonday after the Venezuelan energy giant requested at least seven promptcargoes of distillates and gasoline to ensure domestic markets would remainwell supplied.
“Thesurge in import requirements is also coinciding with Tropical Storm Isaac whichhas shut
down approximately25% of US Gulf refining adding an additional supply constraint to the market,”he wrote in a note to clients Tuesday.
While
