Meldgaard: LR ship upturn strengthens faith in tanker
The rate increase in the LR1 tanker segment is surprisingly big and bodes well for the tanker market, Torm CEO Jacob Meldgaard tells ShippingWatch.
BY TOMAS KRISTIANSEN
Even though the MR ships make up the biggest fleet in Torm's tanker segment, the carrier's CEO Jacob Meldgaard is pleased that the LR1 rates have finally surpassed the MR rates by a significant margin.
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