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Product tanker upside down after extended downturn: "We're going to have fun for a number of years"

The product tanker market, which has seen rates skyrocketing in 2022, is robust and doesn’t stand to lose momentum in the years to come, say the CEOs of Torm, Scorpio and Hafnia at shipping conference Marine Money in New York.

Hafnia CEO Mikael Skov (left) and Torm CEO Jacob Meldgaard (right) at the Marine Money conference in New York. | Photo: David Butler

NEW YORK

The product tanker market has been red hot in 2022 with soaring rates, but there is no sign that the market is cooling off.

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