IHS Maritime 360: Long-term Growth Seen for MR Tankers

23 Mar 2015: “The bullish run for medium-range (MR) product tankers may finally be happening, with 21% year-on-year (y/y) growth in fixtures from October 2014 to February 2015. Tanker consultancy Poten & Partners’ analysis show there were 2,259 fixtures in the last five months compared with 1,869 in the year-ago period.” “…Poten & Partners concluded, ‘In summary, the healthy product rates of the last six months were caused by both short-term and long-term factors. While some of the seasonal factors may be fleeting, it seems that the strong underlying fundamental factors will continue to boost the MR market in the coming years.'”