Oil disaster leads to delays, rerouting and hull cleaning

OWNERS hoping that spot rates for crude tankers loading and discharging in the US Gulf or Caribbean would rocket as oil continues to leak from the Deepwater Horizon wreck may be disappointed, according to a leading US investment bank.

Although a “small uptick in rates” could arise over the next few weeks as charterers and owners look to fix ships arriving in the US Gulf, if oil giant BP successfully caps the leaking well the impact on shipping markets...

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