Tank rates have been weak, finally growing
May 11, 2011
After peaking at a 5% y/y gain in the middle of last year, tank rates had been trending down. That should now be changing, with rates currently approaching the 5% mark with continued gains anticipated through the end of the year. Rates gains should be in the double-digit range once we get to 2012.
We anticipate seeing Tank rates rising 7.3% in 2011 and a further 8.4% in 2012. Rate pressure will have subsided by the time we get to 2013.
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