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Consolidation wave could be in store for product tanker

There will be more mergers, acquisitions, and general consolidation in the product tanker market within the next 12-24 months, Hafnia Tankers and Jyske Bank tell ShippingWatch. Torm Executive Director Jacob Meldgaard is also open to the idea.

It looks like the market for product tanker could soon start to stir, as the years ahead could bring mergers, acquisitions, and general consolidation, projects Hafnia Tankers as well as Jyske Bank to ShippingWatch.

I think we will see consolidation in various forms in product tanker within the next 12-24 months"

Mikael Skov, CEO, Hafnia Tankers

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