ShippingWatch

Product tanker elite in close race for earnings

Hafnia Tankers delivers significantly above the market in earnings on the large product tankers, while the world's largest owner of eco-newbuildings, Scorpio Tankers, lags behind. ShippingWatch has collected the results from the top of the crop in product tanker.

Both the low oil price and large reserves of oil on the global market in 2015 have sent the rates for the transport of crude oil and oil products soaring and strengthened recovery for the large tank companies. This is a development built up in the final stages of the global financial crisis by investors across new and established companies, shipowners and international shipping analysts, with a sea of newbuildings, particularly within product tankers, and with deliveries in 2014 and 2015.

The course of this year has thus also revealed which of the especially newer product tanker companies – and the top of the market in the transport of refined oil products – is best at generating profits for its shareholders.

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