Supertanker Rates Slip From Record Highs

Supertanker rates have retreated slightly after touching an all-time high earlier this month, with the price of chartering a very large crude carrier for a trip from the Gulf Coast to China at $634,974 per day, according to Baltic Exchange data cited by Reuters. This compared to a record of over $637,000 per day on October 8, the publication noted. The record price of transporting crude oil from t