Euronav CEO sees benefits to last year's downturn

Paddy Rodgers, who will soon step down as CEO of Euronav, notes that last year's weak rates in the tanker market had a positive effect on the balance between supply and demand.

Photo: Global Maritime Forum

Euronav CEO Paddy Rodgers says that last year's miserable tanker market could end up being a positive thing for shipping companies transporting crude oil.

According to Rodgers, weak rates helped in the sense that they sent more ships out of the market, creating a better balance between supply and demand. As such, 2019 is off to a much better start.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

Container reliability hit new low at the end of 2021

Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.

Further reading

Related articles

Latest news

See all jobs