Clean tankers positioned in the Americas are showing resistance to trans-Pacific voyages despite demand for naphtha exports from US Gulf Coast into Northeast Asia, citing high bunker prices, weak daily earnings and bearish freight market at discharge as deterrents to reposition. Concurrently, there is a strong appetite by Asia’s naphtha crackers due to capacity additions …
The post US clean tanker owners weigh options amid increased appetite for trans-Pacific naphtha flows first appeared on Hellenic Shipping News Worldwide.