Rates in the currently lucrative product tanker market will soon come under pressure, says analyst firm Drewry in a new report. This development can be attributed mainly to 'swing' tankers - tonnage carrying both chemicals and product tanker cargo.
BY LOUISE VOGDRUP-SCHMIDT
The product tanker market is currently a booming success story for a range of companies who are pulling solid earnings from the segment. However the progress is set for a pause, notes Drewry in a new analysis.
The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.