10SEP2019 - NEWS - How IMO 2020 will benefit the product tanker fleet

While IMO 2020 is expected to bring great benefits to the product tanker market, the geopolitical situation yet could dampen its impact.It is generally expected that something momentous will happen in the product tanker market in 2020, due to the need to ship large quantities of low-sulphur fuel, marine diesel oil and/or blended fuels from refinery to port.This is expected to be proceeded by a firming of rates and the excess of product tankers being absorbed during the second half of 2019. By the end of the first half of 2019, the signs were positive that the IMO 2020 prophecy would come true.