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.

BY LOUISE VOGDRUP-SCHMIDT

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.

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Scorpio Tankers in half-year deficit of USD 9.4 million
D'Amico hit by low product market in 1st half of 2014
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