Euronav CEO predicts floating storage in few months

In an interview with ShippingWatch, the CEO of crude oil carrier Euronav, Paddy Rodgers, points to when he expects to see tankers used as floating storage, with subsequent battles to book the vessels. A big orderbook will not stop the party, he says.

BY JOHANNES HARTKOPF-MIKKELSEN

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Euronav CEO predicts floating storage in few months

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Euronav made USD 350 million profit in 2015

Tanker CEOs: Investors not rewarding us deservedly

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Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs