30/10/2013at 11:02

New Norwegian bank believes in product tank

Product tank is about to enter an interesting period, says CEO of newly established Norwegian shipping bank Maritime & Merchant.

BY JØRGEN RUDBECK

The struggling product tank market has long been a cause for concern with owners and investors, but there is no reason to become too worried, says Halvor Sveen, CEO of newly established Norwegian shipping bank Maritime & Merchant, which is backed by Henning Oldendorff, among others.

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Braemar: The VLCC spot market is broken
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Kjærulff's network behind new shipping bank
Oldendorff establishes new shipping bank in Oslo
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