Tanker

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
Photo: Torm
by DANIEL LOGAN

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.

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