MR freight earnings surge 63.5% amid oil market driven product tanker dislocations: Ardmore

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Dislocations in product tanker positions driven by the Russia-Ukraine conflict amid low levels of global product inventories and a seasonal surge in South American diesel demand boosted Ardmore Shipping’s Medium Range time charter equivalent values 63.5% for the second quarter with 50% fixed to $25,500/d from the $15,600/d earned during the first quarter, the company said May 4. “While the…