Thursday, March 12, 2020

Poten - " increase in demand for floating storage"

Over the next 3 months, increasing oil supply at significantly lower prices in a market with weak demand fundamentals should lead to an increase in demand for floating storage, says Poten and Partners in its March 9 News Brief.
"That is indeed happening.  We are seeing several deals being negotiated for short-term (6-12 months) charters, with one already concluded.  The fall in oil prices has made floating storage more attractive, although the margins are still relatively thin."

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