Struggling German owners hang on to product tank
The rebound in product tank has apparently given financially struggling owners so much faith in the market that the expected supply of ships up for sale from German KG funds failed to materialize, says CEO Anders Engholm, Hafnia Management.
BY OLE ANDERSEN
The positive developments in product tank, which have now lasted far longer than many analysts and, especially, shipowners and operators dared to hope, have apparently given owners - such as German banks and the hard-pressed KG funds - some tailwind, as the supply of product tank ships up for sale or in search of new operators is smaller than expected.
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