ShippingWatch

Hafnia Tankers is equipped to handle high oil price

The recovery of the tanker market is not contingent on the oil price alone, says Hafnia Tankers CEO Mikael Skov. In an interview with ShippingWatch, the CEO takes on the skeptics' view of the market.

Hafnia Tankers CEO Mikael Skov believes that the tanker will do well as long as oil is traded.

Critics of the tanker market are missing a key point when they say that the high rates are only supported by unsustainable factors such as the low oil price and bulging stockpiles.

As long as oil is being traded, product tanker vessels will have plenty of work, says Mikael Skov, CEO of Danish tanker carrier Hafnia Tankers. As such, the price is not a crucial factor.

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