Bank: Product tanker market can improve even further
Increased refinery activity will become the growth driver in a product tanker market poised to generate even better rates than the current level of USD 20,000 a day, according to an analysis from Morgan Stanley.
BY CHRISTIAN BARTELS
Product tankers can secure even more employment as well as improved daily rates when the refineries resume the work after a break. Meanwhile, the high margins at refineries makes it attractive to maintain production with the highest average prices within the past five years, notes Morgan Stanley in an analysis of the tanker market.
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