Tanker rates rise as court clears more loadings at Russian Black Sea terminal

Suezmax tanker rates have been climbing after exports started to return to normal from the Caspian Pipeline Consortium (CPC) terminal in the Russian Black Sea.

CPC said last month it was suspending the operation of two single-point moorings (SPMs), following inspections by Russia.

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Only SPM-3, the third of the three offshore moorings available, would continue transhipment operations, it added.