The MR product tanker market remains lacklustre in the Atlantic basin despite rising exports of refined products from the region’s two most important petroleum hubs, according to industry data and experts.

Kpler data show US Gulf exports are on track to reach 19.7m barrels in the week from Monday, the highest weekly reading since November 2019.

Exports from the Amsterdam-Rotterdam-Antwerp (ARA) area are expected to amount to nearly 11m barrels in the same period — the fourth highest weekly figure this year.