MR product tanker rates are surging in the US with busy fixing activity on the West Coast and in the Gulf region.
Shipowners who position their vessels for the two markets can enjoy spikes in earnings, with refiners in the US pushing out some cargoes amid a collapse in domestic oil demand, according to market sources.
Argus Media said the lump-sum rate for a MR shipment from the West Coast to Chile rose to $1.4m
