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.

Photo: PR-foto

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.

He sees completely different, much more positive trends in the struggling tanker market, he said at the Seatrade Tanker Industry Conference yesterday, Tuesday, in Copenhagen. The new American distribution channels in particular open up for new opportunities in the market:

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