USGC to Caribbean clean freight hits 2022 high amid strong oil demand

Clean freight rate loading on the US Gulf Coast to the Caribbean reached the highest level in 2022 Feb. 25, as traders rushed to fill a high-demand spot market after waiting out a tricky month roll that favored short-haul trips to ballast ships back to the Gulf Coast quickly for fresh cargo. Freight rates loading on the USGC en route…