High rates for MR product tankers in Asia are pulling vessels away from chemical trades.
As owners of conventional carriers bank better earnings, chemical tanker companies are also seeing firmer rates for their specialised vessels from Asia, according to Clarksons Platou Securities.
Brokers described available tonnage for product tanker trips into Europe as “extremely tight”.
Freight rates in dollars per tonne for some Asian routes are at multi-year highs.
