5 articles
Oil tanker shipping rates reached record highs due to escalating attacks between the U.S. and Iran in the Middle East. Baltic Exchange data shows VLCC rates from the Gulf of Oman to China rose to roug
The Baltic Exchange defended its oil tanker benchmark reliability against a lawsuit by commodity trader Mercuria, claiming losses from disputed freight rates during the Iran conflict. The Exchange mai
Mercuria Energy Group sued the Baltic Exchange over oil tanker rates, alleging government-brokered deals enabled crude transit through the Strait of Hormuz during the Iran conflict. The trader claims
Mercuria Energy Group sues the Baltic Exchange over distorted oil freight benchmarks linked to Strait of Hormuz disruptions, claiming hundreds of millions in losses. The case underscores volatility in
Mercuria Energy Group sued the Baltic Exchange over alleged distortion of the TD3C oil shipping benchmark, claiming hundreds of millions in losses. The dispute arises from difficulties assessing rates
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