"Next year, the daily revenue of refined oil tankers can reach 250,000 US dollars!"

The expected popularity of the refined oil tanker market can be said to have become the consensus
of the industry.

For example, in the recent "Big Shipowners: EU sanctions bring benefits! The market will have a shortage of 100 MR tankers, and the major refined tanker owners have achieved good results in the first half of this year, while the expected EU sanctions on Russian oil and petroleum products are expected to be more hot
next year.

As of now, about 50% of Europe's oil imports still come from Russia, and this situation will change
dramatically when the new EU sanctions come into force on February 1, 2023.

Jakob Meldgaard, CEO of Torm, a company that owns refined tankers, said this is an important factor
conducive to the recovery of the refined tanker market.
(Further reading→ snap up!) The tanker buying and selling market is hot, "no matter the size, no matter the price, it is to buy")

Mikael Skov, chief executive of Hafnia, another refined tanker company, said that once the EU sanctions are finally implemented, it will generate capacity demand for
at least 100 MR tankers.

The daily revenue of the refined oil tanker may reach $250,000

As for the benefits that the EU ban on Russia will bring to the refined oil tanker market, Clarksons Securities has given a more specific forecast
.

Clarksons Securities predicts that after the EU sanctions ban on Russia takes effect next year, the utilization rate of refined oil tankers will reach a staggering 92%.

Frode Morkedal and Even Kolsgaard, analysts at the agency, said: "When the market is so tight, even a small percentage change can have a significant impact
.
" "In the case of LR2 vessels, for every 1% increase in utilization, daily earnings may increase by $12,000
.
"

The investment bank estimates that if the EU ban eventually moves 1 million barrels of oil products to tankers twice the distance previously normal, this could increase the utilization rate of refined tankers by 6 or 7 percent
.

Morkedal and Kolsgaard said: "The diesel price difference between Europe and Asia is likely to limit the growth of fleet interest rates, but if the utilization rate is increased by 7%, the LR2 yield could theoretically reach $250,000 / day
.
"

Not only is it optimistic about the refined tanker market, in fact, Clarksons Securities also has a relatively optimistic attitude towards
the crude oil tanker shipping market.

As Shun Tak Maritime Network previously introduced in the question "VLCC daily rent may exceed 100,000 US dollars this year", in last week's weekly market report, Morkedal and Kolsgaard boldly predicted that VLCC's daily revenue may reach 100,000 US dollars
at that time.