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Clean Tanker Outlook Still Positive After Record High in Q1: Kpler

OIL PRODUCTS

Clean tanker demand rose to a record high in Q1 2024 with a record 10% increase in ton-miles to 793 billion, according to Kpler.

  • The increase was driven by the LR2 and MR segments on Red Sea disruption and rising exports from Russia, China, and South Korea.
  • The outlook for the clean tanker sector remains positive despite expectations of slower growth.


Source: Kpler

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