Product tanker rates now so high some traders no longer moving cargoes, Gibson says

Something has to give in terms of either freight costs or commodity prices, broker believes

LR2 tankers have been very costly in recent days.
LR2 tankers have been very costly in recent days.Photo: V Tonic/Marine Traffic
Published 29 January 2024, 07:43Updated 31 January 2024, 14:19
Product tankersGibsons ShipbrokersRed SeaUKLR2 tankers