Market update: Strong tanker market due to sanctions and high demand for oil – Concordia Maritime

GÖTEBORG, Sweden, June 3, 2022 /PRNewswire/ — The product tanker market has strengthened significantly during April and May, with market rates at much higher levels than for both Q1 2022 and the full year 2021. At the end of May, average spot market earnings for an MR vessel (clean) was…