Torm CEO: Product tanker will do well for a longer period – "It's not just a blip"
![Photo: PR/Torm](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article14320170.ece/ALTERNATES/schema-16_9/doc7mcx4cegt43ix9mgewf.jpg)
The product tanker market is in the midst of an earnings boom not seen since the mid-’00s. Three factors will support the segment maintaining speed for a longer period, says Torm Chief Executive Jakob Meldgaard in an interview with ShippingWatch following the group’s latest interim report showing pre-tax earnings of USD 107m – a result attributable to tanker freight rates doubling.
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Torm bags USD 107m profit after doubling TCE rates
For subscribers
Torm acquires 75% of scrubber supplier
For subscribers