Tanker carriers have burned through millions this year
Tanker carriers have spent millions of dollars in the first nine months of 2016. Especially Scorpio Tankers drags down the average, according to a review by ShippingWatch. A healthy cash flow is crucial during hard times for product tankers, notes one analyst.
NIKLAS KRIGSLUND | RESEARCH: MICHELLE WESTPHAL
The product tanker segment is experiencing tough times as full storage deposits and too many vessels are pulling rates down.
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