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Thu, May

Failed fixtures hit product tanker rates as tonnage list grows

Failed fixtures hit product tanker rates as tonnage list grows

Product tanker rates have been falling this week as cancellations take their toll.

Clarksons Securities assessed eco LR2 earnings down 3% in seven days at $28,800 per day, while at

Product tanker rates have been falling this week as cancellations take their toll.

Clarksons Securities assessed eco LR2 earnings down 3% in seven days at $28,800 per day, while at the smaller LR1 size, levels eroded to $23,400 per day, off 8.1%.

MR rates lost 10.5%

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