OIL: MR Tanker Ton-Miles Growing Faster in East of Suez Than West

The global MR tanker market is experiencing notable shifts with East of Suez ton-miles growing faster than in the West according to Kpler. Anticipated growth in the East suggests potential future fleet re-positioning.

• Growth in ton-miles in the East is lifted by gasoline and naphtha exports.
• January saw the second-highest MR ton-miles on record, but a recent slowdown in diesel exports will limit further growth in the West.
• MR earnings were higher in Asia amid challenges, such as refinery maintenance and geopolitical disruptions in the West.

Source: Kpler