Weight of Freight: European clean tanker market reshaped

The European clean tanker market landscape has been facing a structural change as Europe’s export outlets have waned. Listen to Argus’ Market Reporter Rhys van Dinther and Reporter Erika Tsirikou discuss the current outlook of the European clean tanker market and the challenges it will face moving forward.

 

• Transatlantic Medium Range (MR) route facing prolonged slowdown
• UK Continent to west Africa route declines
• Long Range (LR) tanker rates firm on increased demand