02MAY2019 - NEWS - Tanker Market in Upward Journey: Ardmore

The MR product and chemical tanker market continues its upward trend, with charter rates higher in the first quarter on the back of continued strengthening supply-demand fundamentals and further supported by prolonged winter market conditions. According to Anthony Gurnee, the Company's Chief Executive Officer of Ardmore Shipping Corporation this trend is in spite of heavy refinery maintenance and upgrade downtime as the global refinery complex prepares for the IMO 2020 marine fuel transition, partially masking the extent of the underlying strength.

Published by Editor - www.Livebunkers.com at 02-May-2019 04:57:55 [UTC] , contact editor at editor@livebunkers.com