Tanker Operator: Is the MR Strength Sustainable?

27 Mar 2015: “In order to analyse this Poten looked at MR trading patterns over the period October 2014 to February 2015 and compared them to the same period in the previous year. As a proxy for the trading patterns, the reported clean spot market fixtures for MRs was used. “In this five month period, a significant increase in clean MR fixtures was seen: 2,259 in the last five months against 1,869 in the same period in 2013/14. “Looking at the details, there were three loading areas with significant growth – The Middle East, North America and Europe/Med. Indian exports also increased significantly in percentage terms, but this trade is smaller in scale.”