For clues as to why a rise in product tanker demand will be sustained, simply look at the world around you.
Even if it were to end tomorrow, Russia’s war in Ukraine will have long-lasting effects that will not be easily unwound, Torm’s executive chairman Jacob Meldgaard told TradeWinds.
“I’m probably today now of the opinion that this is a longer-term upturn for the underlying demand in the product tanker market,” he said.
