Hurricane season could provide a further boost to an already hot product tanker market.
BRS Group said in its weekly tanker note that low product inventories on the US east coast could hit “extraordinary levels” should a storm disrupt trading.
“Previous hurricanes have led to prolonged refinery outages on the Gulf Coast, reduced capacity or outages on the Colonial Pipeline and damage to storage terminals and port infrastructure across the Gulf Coast and Atlantic Seaboard,” the shipbroker said.
