LR2 owners continued riding high this week, as rates for the product tankers in the Middle East continued their meteoric rise.

John Fredriksen sells LR2 tanker newbuildings to SFL for $230m
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A scrubber-fitted, eco-designed LR2 on the Middle East Gulf to Japan route could earn $87,700 per day, according to Clarksons estimates from Wednesday, representing a 71.4%