Not encouraging - Academics, no touch with reality and the overall market. | TNK Message Board Posts

Teekay Tankers Ltd.

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Msg  158 of 160  at  8/18/2020 8:53:02 AM  by

ICE


 In response to msg 157 by  dklein
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Re: Not encouraging - Academics, no touch with reality and the overall market.

A tidbid, as to their Ignorance
 

Terminals in China are now heavily congested as tankers wait to unload. As DHT co-CEO Svein Moxnes Harfjeld said on his company’s call, “Inventories are quite full in China. It takes time for refiners to consume these inventories — and that’s holding up ships.”

The hope among tanker owners is that once vessels off the coast unload, China’s thirst for both Atlantic Basin and Middle East cargoes will pick up where it left off.
Source: FreightWaves, By Greg Miller, https://www.freightwaves.com/news/supertanker-double-whammy-less-volume-shorter-hauls



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