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MR Tankship Market Analysis: Second-Hand Price-Rise Outstrips Newbuild

In their latest analysis, shipbrokers & marine transport consultants, McQuilling Services, in their latest analysis discuss observations, current and historical, for the clean tanker market, specifically MR tankers. The report concludes that they believe the current MR secondhand asset market will adjust to reflect the weak TCE (Time Charter Equivalent) environment over the longer term. " In Figure 1 [shown here] we display the price movements over the last 15 months for MR2 newbuildings…