Tanker

Product tanker soars on big slide in US gasoline reserves

Deutsche Bank points to significant upside in the oil product tanker market over the next 12 months. This would be good news for IPO candidates such as Torm and Hafnia Tankers.
by OLE ANDERSEN

A massive slide in US oil product stockpiles has in recent weeks sent product tanker rates skyward across most of the key trade routes. While this is good news for the product tanker carriers right now, following a weak 2016, Deutsche Bank displays growing confidence in a more sustainable recovery and a significant share upside for investors in several carriers for the next 12 months.

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