Long Lines for Gas Cylinders
The district administration has convened a meeting with all petroleum companies, including IOC, Bharat Petroleum, and HPCL, emphasizing the importance of maintaining calm and attending to consumer calls amidst the gas cylinder demand surge.
Freight rates for VLCCs rise further
The spot market for VLCCs approaches the psychological threshold of $700,000 daily, with ongoing negotiations for chartering a super tanker, 'Kalamos', at $697,000 per day, reflecting a steady increase in freight rates.