Tanker

Hafnia Management: OPEC deal could boost product tanker

Wednesday's OPEC output deal has triggered a significant climb in the oil price, and this is healthy for the market, Hafnia Management CEO Anders Engholm tells ShippingWatch. Especially for product tankers, he says. ABN Amro's shipping analyst projects rising spot rates in crude, but only on the short term.
BY OLE ANDERSEN

OPEC' surprising deal to cut back the countries' oil output, the first deal in eight years and a move which has sent oil prices soaring by 5-6 percent overnight, could have a positive impact on rate developments in product tanker as the decision will boost trade activity in the oil market, Anders Engholm, CEO of Hafnia Management, tells ShippingWatch.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs