In a report issued Tuesday afternoon Court Smith of MJLF & Associates noted several medium-range (MR) product tankers on order at US yards are scheduled to hit the water this year and next.
Upon completion the forecaster argued that some of these 50,000-dwt vessels will opt to pursue clean cargoes instead of focusing on the coastwise carriage of US crude.
“Many of the tankers that had previously moved clean product to the southeast Atlantic coast were pulled for use in crude service [in recent years],” Smith continued.
“With
