Hellenic Shipping News: US Guld – UK Continent Demand not Contributing to Product Tanker Rates that Much

“Product tanker freight rates have been – for the large part – a positive market for tanker owners, mainly as a result of exports of US refined products, a trend already contributing to heftier medium-range (MR) product tanker demand in the Atlantic Basin. However, the same can’t be easily said in the case of US Gulf – UK Continent (TC14) freight rate market, where there is little evidence of similar stability said Poten & Partners in its latest weekly report.”