Analysis: Tank rebound after Hurricane Sandy subsides

A new third quarter analysis shows that the tank market is looking very bad. In spite of a major rate bump in the past week following Sandy, Deutsche FondsResearch does not believe that the tank market will improve anytime soon.

Photo: Hanjin

The tank market is very weak right now, and it will stay that way. A Deutsche FondsResearch analysis of the tank market’s third quarter concludes that the only bright spot in the depressing market is the development in LNG.

“The tank market is still under pressure, and now there’s no signs that the situation will improve,” says the analysis.

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