Tankers: Drop in gasoline demand hits MR freight rates, key arbs closed

Tankers: Drop in gasoline demand hits MR freight rates, key arbs closed
Falling global gasoline demand has resulted in a massive oversupply of clean Medium Range tankers in European waters, with the fears of potential damage from Hurricane Florence subdued and gasoline imports into North America dropping off. “The US arb [from NWE] is shut, we are being saved by the pull from West Africa and the ... read more
Source: Shipping NewsPublished on 2018-09-20
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