The Houthi menace in the Red Sea has caused LR2 tankers that had shifted into the crude market to return to their clean product lane.
But amid a tightening aframax tanker market, tanker owners’ views differ on whether these LR2s will flip-flop back into crude.
Teekay Tankers chief executive Kevin Mackay told analysts in a recent conference call that he believes the shift of LR2s back into the clean products sector they were built for is here to stay for now, although not for the long term.
