Product tankers’ prospects seen positive in the long run

Cautious ordering of coated Aframaxes in 2009 and 2010 despite low newbuiding prices  may prove to be quite beneficial for LR2 tanker owners in the long-term. A relatively moderate orderbook and strong growth forecast for long haul product trades could give the LR2 market decent prospects for recovery said shipbroker Gibson in a recent report.
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Source: Hellenic Shipping News