Platou: Product tanker looks better than feared

The market for product tanker has performed better than expected in the 1st half of 2014, so the rest of the year will likely also be better than feared, according to analysts Platou.

Produkttankskib fra d'Amico

The situation is not particularly good, though not as bad as expected, according to Platou's analysis of the product tanker market, which the company has performed following publication of the 2nd quarter interim reports from two major players, Scorpio Tankers and d'Amico.

The two carriers achieved average MR tanker rates of USD 12,000 per day in the second quarter this year, surpassing the expected average of USD 10,000 per day.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs