BRS Group has questioned the sustainability of a boom in Asian MR tanker rates as the Atlantic basin market is tipped to make a comeback.
The shipbroker said that so far in June, the smaller product carrier size has outperformed larger LR1s in terms of spot rates.
And average earnings of $50,000 per day East of Suez compared favourably with $45,000 per day in the Atlantic basin for MRs.
