The product tanker shipping market has been volatile since April 2020 with rising Covid cases in several countries. Average product tanker earnings jumped by 97% MoM in April 2020 with average MR TCE rates surpassing USD 60,000pd and average LR2 spot TCE rates on TC1 Route (Ras Tanura-Yokohama) at USD 102,300pd. The supply-demand dynamics of …
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