Product Tanker Rates on the Rise

AI Summary

Global product tanker rates are increasing significantly, supported by underlying forces affecting the crude oil complex. Shipbroker Gibson noted strong market support this week amid ongoing risks impacting clean product shipping.

The product tanker market is also experiencing a strong upwards trend, following the latest developments. In its latest weekly report, shipbroker Gibson said that “the global CPP market remains firmly supported this week, with the same forces driving the crude complex now clearly visible in clean products — chief among them the ongoing risk to ...