Hurricane Harvey sends product tanker rates skyrocketing
Rates for product tanker vessels are up by 35-40 percent since Hurricane Harvey struck Texas and closed 10 refineries. Anders Engholm, CEO of Hafnia Management, sees long-term impacts as a result of the natural disaster.
by OLE ANDERSEN
The massive destruction in Texas as a result of Hurricane Harvey, which has closed refineries and paralyzed two of the US' largest ports in Houston and Corpus Christi, have sent the current low rates for product tanker skyrocketing by 35-40 percent.
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