Product tanker chief executives see their market finally turning this summer as gasoline and diesel inventories start to decline, along with newbuilding deliveries.
Speaking at a webinar organized by investor relations firm Capital Link, d’Amico International Shipping president Marco Fiori acknowledged earlier calls for a market turnaround were premature.
But with fleet growth of 2.5% expected this year against demand growth of 3%, he says the inflection point is nearer.
