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Torm CEO on unusual tanker market: "Not a sustainable new normal"

The unusual conditions of the product tanker market are expected to continue for some time to come, say execs at Torm, Hafnia and others, while noting signs of improvement.

Photo: Marine Traffic / Rasmus Hoffmann

The tanker market has bottomed out and is on its way up.

This was the overall consensus when Torm CEO Jacob Meldgaard, Hafnia CEO Mikael Skov, and Ardmore Shipping CEO Anthony Gurnee, among others, gathered for a virtual panel discussion organized by Capital Link.

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