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.

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