While the MR orderbook stands at just over 10% of the fleet and thedemand picture is being brightened by refinery development in the Middle East,the real potential of the market may have been overblown, Intermodal explains.
George Lazaridis, the broker’slead researcher, says a look at the larger LR1 and LR2 sectors suggests thereis a “misplaced hope” in the smaller sized ships.
