Hafnia pushes pessimism aside and hopes for more mergers in product tanker
Hafnia, which books red figures for the second quarter in a row, estimates that the overcapacity of filled oil inventories is gone and that oil demand will normalize in the second half of the year. Danish Ship Finance says that an improvement could be delayed until 2022. "That's not our thesis," says Hafnia CEO to ShippingWatch.
by DAG HOLMSTAD
Product tanker carriers have been under pressure to generate revenue since mid-2020, and Denmark-based Hafnia, part of BW Group in Singapore, is no exception.
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