Barry Rogliano Salles (BRS Group) is tipping product tankers to continue benefitting from refinery dislocation.

The French shipbroker said in a note on Wednesday that refining capacity will rise 1.1m barrels per day on a net basis in the months ahead, with the closure of some smaller refineries offset by restarted facilities in France and Malaysia and expansion projects, primarily in China.

With refinery capacity growing in Asia and demand coming from the Atlantic basin, product tankers will benefit, the shipbroker said.