Product tanker rates soar to heights not seen since the start of the pandemic

Yazılma zamanı 23/06/2022
Adis Ajdin

The product tanker market is looking healthier with each week that passes, with all segments firming up to levels last seen in early 2020, backed by increased geopolitical uncertainty, low reserves and increased demand. Rates across multiple trade routes, especially Asia-Pacific, have reached new highs, with owners of modern LR1s and LR2s banking over $50,000 …