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Week 19: Crude Tanker Industry Update

Sue Goodridge
Week 19: Crude Tanker Industry Update

When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 19, which ended on May 11, the BDTI rose to 657 from 650. In week 18, the index dropped by five points. The index shows the direction that crude tanker rates are heading. The index has fallen ~6.0% since the beginning of the year.