LR2 rates double in ‘dramatic surge’ as tanker supply tightens

Arbitrage opportunities outweighing higher cost of rerouting ships around southern Africa

Metrostar Management’s 116,000-dwt LR2 tanker Prostar (built 2019).
Metrostar Management’s 116,000-dwt LR2 tanker Prostar (built 2019).Photo: Metrostar Management
Published 18 March 2024, 09:58Updated 18 March 2024, 11:29
LR2 tankersClarksonsFearnley SecuritiesGibsons Shipbrokers