ShippingWatch

Shipping executives believe a vaccine can shorten the tanker downturn

An impending vaccine will have a significant impact on the product tanker market, say several pace-setting shipping companies. "A vaccine will have an impact on consumption," says Torm's executive director.

Photo: PR/Torm

NEW YORK

After a golden spring for the product tanker market, the party came to an abrupt halt in the third quarter of the year, in which both demand and rates declined.

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