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Tanker carriers believe in long-term recovery that could start in a few weeks

Frontline is not alone in projecting sizeable and long-term recovery about to emerge in the tanker market. Competitor Euronav as well as Torm and Concordia are optimistic due to, among other factors, uncertainty in the market slowing down investments in new ships.

Photo: PR / Euronav

LONDON

It will happen in the fourth quarter, projects CEO Kim Ullman from Swedish product tanker ship operator Concordia Maritime while drawing on a lined notepad outside the Capital Link conference forum in the pompous Pall Mall 116 district in London at the edge of St. James' Park.

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