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Re: crudeoil24 post# 4265

Wednesday, 07/27/2022 7:43:20 AM

Wednesday, July 27, 2022 7:43:20 AM

Post# of 6856
The shipping rates for these tankers are based on WTI / Brent . The higher the petroleum markets, the higher the rates. IMPP revenues / gross profits are directly related to the price of oil. Also these ships can use 20,000 gallons of diesel fuel per hour while transporting their loads.
Profit margins are increasing . CEO stated IMPP rates are recently up 500% - 700%.

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