Fairplay: Sandy Powers Product Rate Surge in Atlantic

“Atlantic Basin spot rates for MR product tankers have surged on Hurricane Sandy impact, Dahlman Rose analyst Omar Nokta said today. . . . Poten & Partners said on 2 November that ‘acutely elevated tanker rates for exports from the US Gulf and Caribbean regions should subside within a few weeks as regional [Northeast] pipelines, refineries, terminals and ports return to normal utilisation levels.”