Clean tanker earnings leap

Source:splash247.com
2022.05.25
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After more than doubling since the start of the year, the Baltic Exchange Clean Tanker Index has climbed to its highest level in over ten years on a quarterly basis, according to a new report from Singapore’s Eastport Research & Strategy, using April and May daily figures to date for Q2 2022.


“Dislocations in energy product flows following the Russian invasion of Ukraine has triggered a rebound in MR spot earnings,” Eastport reported.
Over 80% of vessels from MR chemical tanker operators are deployed in the non-chemical trade, such as vegetable oils and CPP, according to Eastport calculations.
“A tightening market for clean MRs may put upward pressure on long-haul chemical tanker rates as well,” Eastport predicted.
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