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Costs will divide product tanker carriers in 2015

Hafnia Tankers CEO Mikael Skov agrees that investors and analysts going forward will judge product tanker carriers on their costs and transparency.

The core of pacesetting product tanker carriers have now published positive results for the first quarter this year, with widespread expectations that 2015 will cement the rebound that investors anticipated and hoped for back in 2012 when the market ordered a mass of newbuildings set for delivery in 2014 and onwards.

According to analysts and observers with whom ShippingWatch has spoken, 2015 will also be the year in which carriers that operate solely in product tanker, such as Scorpio Tankers, Ireland's Ardmore, Italy's d'Amico and Danish-based Hafnia Tankers - who have altogether invested billions of dollars in newbuildings, as well as recapitalized Torm, D/S Norden's tanker pool Norient, and others, will have to execute and deliver.

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