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Deutsche expects significantly bigger 2020 gains than the shipowners

Deutsche Bank expects a significantly bigger surge in demand for product tanker with the IMO's upcoming 2020 sulfur regulations than the shipowners do themselves. The bank has described the sulfur cap as a potential game changer.

Photo: d'Amico Group

Numerous players in the dire market for transporting oil products look toward Jan. 1, 2020, as a positive turning point.

While Ardmore and Torm's chief executives calculate with an increase in demand of up to five percent ahead of the implementation of the new global sulfur cap, Deutsche Bank is more positive. The bank's analysts project that demand for product tanker could increase by 9.1 percent.

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