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Morgan Stanley points to stronger activity in product tanker

The upcoming sulfur regulations are approaching, and this is now starting to really boost the product tanker market, leading to higher rates and ship asset values, writes Morgan Stanley in an update.

Photo: Scorpio Tankers/PR

Significant improvements have emerged in the product tanker market recently.

Annual reports from several of the major players have previously confirmed that 2018 was overall a tough year for the sector. This was most recently illustrated by Maersk Tankers, which booked a deficit of USD 35 million last year, a result more or less on par with that of competitor Torm.

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