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Tanker CEOs look with pessimism at 2017

The fourth quarter 2016 did not end well. This is the concurrent assessment from the head honchos of tanker; CEO of Euronav, Paddy Rodgers, and CEO of Torm, Jacob Meldgaard. And 2017 looks set to be weighed down by the many new vessels entering the fleet.

Photo: Thomas Tolstrup

LONDON

If anyone thought that tanker carriers would exit 2016 with a nice recovery in the market to boost annual reports, this hope was completely shot down today in London at the Marine Money conference.

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Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

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