Rate increases within product tanker continue – up to USD 60,000 per day

Upswing on the product tanker market has continued in April and May with increasing rates above the level of the year’s first quarter, writes tanker operator Concordia Maritime in an update.
Photo: PR-foto Concordia Maritime
Photo: PR-foto Concordia Maritime

Although there are marked fluctuations in spot rates with peaks above USD 60,000 per day, the upturn in general continues within product tanker, writes Swedish product tanker carrier Concordia Maritime in a market update.

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