ShippingWatch

Prominent product tankers take a hit in second quarter

Scorpio Tankers and d'Amico International Shipping have presented half year results which document that the second quarter 2016 became surprisingly troublesome for the product tanker segment. 

Photo: Tomas Kristiansen

With results from two of the most prominent product tanker carriers, indications are starting to pile up that 2016 is developing far from what the shipowners had counted on.

Compared to 2015, revenue and income are well below last year so far, and the last three months have been surprisingly challenging for carriers like Scorpio Tankers and Italian d'Amico.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs