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Product tankers are still "producing" for their owners, despite recent weakness

The product tanker market has been outperforming its crude tanker counterpart, as fundamentals remain in the favor of ship owners. In its latest results' report, ship owner Capital Product Partners noted that "overall, product tanker spot earnings in the third quarter of 2013 were at levels higher than in the third quarter of 2012. Strong petroleum product exports

02 November 2013 - 00:00
The product tanker market has been outperforming its crude tanker counterpart, as fundamentals remain in the favor of ship owners. In its latest results' report, ship owner Capital Product Partners noted that "overall, product tanker spot earnings in the third quarter of 2013 were at levels higher than in the third quarter of 2012. Strong petroleum product exports
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