Heidmar CEO sees product tanker freight lag refining margins

Product tanker freight rates have drifted from strong refining margins as a near-total collapse in Persian Gulf refined product flows overwhelms any ton-mile benefit from supply diversification, Heidmar Maritime Holdings Corp. CEO Pankaj Khanna has told Platts. With the product tanker fleet potentially expanding 30% and limited scrapping expected, the imbalance could weigh on freight …

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