Tanker market report dated 28 August 2020

Refinery rationalisation is back on the agenda. With a prolonged weakness in refinery margins due to Covid-19 related demand destruction and an uncertain future for hydrocarbon consumption, many refiners have decided to throw in the towel, choosing to either sell, close, or convert their refining assets.

Weekly tanker market report by Gibson Shipbrokers.

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Posted: 31 August 2020

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