How will product tanker shippers make their way if all cities do as New York?

The product tanker market is currently walking on a tight rope and hopes for a cold winter during which shortages of gas and coal could generate intense demand for refined oil products. But the sector is also looking towards 2030, which could prove a significant game changer.

Photo: PR / Torm

Nothing warms product tanker carriers like a cold winter in the Northern Hemisphere where the majority of the world's population resides.

It's always been that way, but October 2021 stands out for multiple reasons. In part, the world has stumbled into an unexpected energy crisis, short on gas and coal, and in part, an upturn in the market fueled by freezing temperatures could kick off the long-awaited business that product tanker carriers have been eagerly awaiting.

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