Asian clean MR tankers have their time in the sun
The benchmark medium range Pacific Basket on the Baltic Exchange rose to $14,145 per day on Wednesday, more than the double a week ago and the highest level so far this year
The rise in coronavirus cases in China and the rest of North Asia is bullish for clean product tankers. Mobility restrictions will continue to slow domestic transport fuel demand in the region, pushing products toward Singapore, significantly increasing the demand for seaborne transportation
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