Tanker rates soar by upwards of 70 percent

Many predicted that the product tanker market would slow its pace in the fourth quarter. But now the prices for MR product tankers have risen by as much as 70 percent on several routes, reports Morgan Stanley.
Photo: Finn Frandsen/Polfoto
Photo: Finn Frandsen/Polfoto

The product tanker market looks set to rise.

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