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Scorpio Tankers projects new recovery for product tanker

The world's largest product tanker operator, Scorpio Tankers, expects significant growth this year in the demand for refined oil products. Closures of older refineries will contribute to growth in the product tanker market. Analyst is skeptical.

Photo: PR/Scorpio Tankers
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Product tanker can look forward to a positive change in market conditions for the sector in 2021, if one asks the world's biggest product tanker ship operator, Scorpio Tankers.

The global export of refined oil products will grow by 6.1 percent – and demand for transport of the oil products across the sea will increase by 6.4 percent.

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