Tanker

Hafnia and Torm believe super-strong market is here to stay

The price to charter a product tanker vessel has crossed USD 100,000. Torm CEO Jacob Meldgaard and Hafnia Chief Executive Mikael Skov believe that the recovery will last for as long as the coronavirus pandemic paralyzes the global economy. ShippingWatch has interviewed the two chief execs.
Photo: Collage/Hafnia/Torm
Photo: Collage/Hafnia/Torm
by TOMAS KRISTIANSEN

With prices hovering above USD 100,000 per day for an LR2 product tanker, and a massive appetite for chartering vessels to transport or store the extremely cheap oil, even experienced CEOs such as Torm's Jacob Meldgaard and Hafnia's Mikael Skov are having a hard time truly grasping what is currently happening.

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