Tanker

Jan Rindbo says rates above 100,000 are unsustainable: Some customers withdraw

Tanker rates of USD 100,000 are not sustainable in the long term, as they could make customers withdraw, says Norden CEO Jan Rindbo. Rates are starting to normalize again, while the CEO predicts a difficult second half-year.
Photo: Lars Krabbe/ERH
Photo: Lars Krabbe/ERH
by TRINE VESTERGAARD

Rates in the tanker market of more than USD 100,000 per day are not sustainable in the long term, projects Norden Chief Executive Officer Jan Rindbo.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs