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Maritime News

Product Tanker Markets Stable During the Week

Things have been far from moving in the product tanker markets this past week. In the clean products markets, in the East, shipbroker Gibson said in its latest weekly report that “it has been a very quiet week on the LR2s, but a fairly busy one on LR1s. LR1s saw a fair number of cargoes and rates edged up accordingly with 55,000mt naphtha AGulf/Japan up some 5 points to ws 130. West rates are steady though and back to where they started the week with 65,000mt jet AGulf/UKCont at $1.325 million. LR2s have struggled with very little business quoting. 75,000mt naphtha is down 10 points at ws 112.5, 

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