ShippingWatch

Torm and Hafnia are candidates in major merger wave

A group of 5 to 10 carriers could be swept up in the consolidation wave which has begun among dominant and equity fund-owned carriers in the product tanker sector, sources tell ShippingWatch.

Photo: Torm

The entire circle of carriers operating exclusively in product tanker – including Torm, Hafnia Tankers, Singapore-based BW Pacific, US Diamond S Shipping, and Maersk Tankers – are in play in the consolidation wave which has begun in anticipation of a long-term recovery from 2018 in the market for oil product transport, several players and observers tell ShippingWatch

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