Long range two (LR2) product tankers have cracked the $100,000 per day barrier in fixtures on Tuesday, a leading products tanker owner told a New York financial conference.
Scorpio Tankers president Robert Bugbee cited the rates during an afternoon panel appearance at Capital Link’s annual New York Maritime Forum.
“These markets move pretty quickly — LR2s today crossed $100,000 a day,” Bugbee said matter of factly in response to a question from Jefferies equity analyst Randy Giveans, moderator of the clean products panel, before proceeding to describe medium range (MR)...
