Private Chinese shipowners are hunting veteran secondhand MR2 product tankers as a lucrative backhaul trading opportunity develops around Zhoushan's Zhejiang Petrochemical refinery.
Sale-and-purchase brokers in China see the MR demand as a bright spot as secondhand bulker sales suffer from complications of the coronavirus epidemic.
Brokers in Shanghai said this week that the pool of actively interested Chinese MR2 buyers includes those that are well-known in domestic shipping circles, such as Shanghai-based Sanhan Shipping.
