Tanker owner and pools giant Navig8 Group is predicting soft rates over the next few months, but product tanker demand should recover more quickly than that for crude ships.
Group chief executive Nicolas Busch said the company has continued to trade profitably over 2020 with a diversified business and versatile fleet.
"As expected, markets weakened substantially in the quarter and we anticipate they will remain soft in the coming months as usually higher seasonal demand is heavily dampened by the ongoing economic effects of Covid-19," he...
