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Italy's d'Amico sees product tanker upturn shrouded in uncertainty

Product tanker has turned and the recovery is happening. But it is too soon to say whether it sticks, Paolo d'Amico tells ShippingWatch. The Italian carrier's chairman points to the coming sulfur cap as key driver.

Photo: dAmico

The fourth quarter has brought soaring tanker rates, but the prospects of a de facto recovery for product tankers remain uncertain, says Chairman Paolo d'Amico, who from the turn of the year will also take over as CEO of Italian carrier d'Amico International Shipping.

"Recovery has started, but we have to see if it consolidates," he tells ShippingWatch.

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