ShippingWatch

Analyst casts doubts on product carriers' 2020 hopes

Shipowners and analysts project solid demand growth for product tanker ahead of the new global sulfur regulations in 2020. But many elements remain uncertain, and there is a lack of concrete data, renowned analyst tells ShippingWatch.

Photo: Torm

In a product tanker market characterized by rock-bottom rates and a massive overcapacity of vessels, IMO's upcoming global sulfur cap stands as a beacon of light that is, by Jan. 1 2020, expected to bring better days for the strained tanker shipping companies.

Major players such as Torm Executive Director Jacob Meldgaard and Ardmore Shipping CEO Anthony Gurnee expect that the new sulfur regulations could boost demand for product tanker shipping by upwards of five percent. And Deutsche Bank anticipates a demand increase of up to 9.1 percent, with the bank having described the regulations as "a potential game changer."

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Eurotunnel accuses DFDS of unfair competition on English Channel

Getlink, which owns the railroad service Eurotunnel under the English Channel, accuses ferry operators DFDS and P&O ferries of having struck an unfair deal on the Dover-Calais route in terms of competition. DFDS CEO Torben Carlsen rejects the accusation to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs