Refined products inventories and low newbuilding supply are working in favour of the clean tanker market, according to shipowner panellists at the Capital Link Shipping Forum.

Stifel equity analyst Ben Nolan put to the panellists the question he faces constantly from investors: when will the sector turn?

Torm chief executive Jacob Meldgaard says the ongoing drop in worldwide refined products inventories are helping push more seaborne trading.