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.

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