Norden Head of tank: We prefer continuity to boom market

Continuous progress is far better for business and the industry as a whole than a boom market, says Lars Bagge Christensen, Head of Norden’s Tanker Department.

Norden’s Tanker Department believes we will see a more continuous product tanker market over the next few years. That is actually preferable to the booming markets that characterized the years before the financial crisis, believes Lars Bagge Christensen, Head of Norden’s Tanker Department.

“It is always nice when the money is pouring in but it is rarely a healthy situation, and that applies to all industries. An extreme boom market attracts people who do not possess knowledge of the market’s cyclical nature, which leads to a lot of wrong decisions and that is not a healthy development for the market,” says Lars Bagge Christensen to ShippingWatch.

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