The products tanker market is seeing some cargo loss due to dirty tankers trading clean, says Torm chief executive Jacob Meldgaard. But he counselled patience to investors as other factors are working in favour of the beleaguered sector.
Speaking on a conference call hosted by Evercore ISI, Meldgaard says a specific inflection point is still difficult to predict. But important indicators such as fleet supply growth and refined products inventories are pointing in the right direction.
