ShippingWatch

Broker: Product tank is getting out of hand

The large focus on opportunities in product tank means that the market could become overheated before the rebound really begins, broker Banchero Costa tells Seatrade Global.

Due to the fact that the product tank market has changed, and because an increasing number of players in the market have realized this and therefore performing massive investments, the market for product tank could risk overheating, according to broker Banchero Costa's:

"The attention the sector is attracting is now getting out of hand, with a real risk of undermining medium-term prospects," Banchero Costa, and Italian shipbroker, tells Seatrade Global.

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