Mediterranean tanker freight has fallen sharply: broker Riverlake says a 140,000‑dwt Black Sea→Med voyage slid from about WS570 in mid‑August to WS280 by early September; cross‑Med rates are down roughly 100 WS points since late August and another broker pegs levels near WS200. By contrast, traders report freight for Urals from Novorossiysk to India holding at about $18–20m per voyage, supported by shipowners avoiding Russian Black Sea ports on security grounds, which has reduced available tonna

2026-09-04

Mediterranean tanker freight has fallen sharply: broker Riverlake says a 140,000‑dwt Black Sea→Med voyage slid from about WS570 in mid‑August to WS280 by early September; cross‑Med rates are down roughly 100 WS points since late August and another broker pegs levels near WS200. By contrast, traders report freight for Urals from Novorossiysk to India holding at about $18–20m per voyage, supported by shipowners avoiding Russian Black Sea ports on security grounds, which has reduced available tonnage and underpinned India‑bound rates.