Unwinding floating storage to loom on tanker markets through H2 2020

Tanker freight rates are expected to see continued pressure from unwinding floating storage for the remainder of the second half of 2020, shipowners Diamond S Shipping and Teekay Tankers Ltd. said in second-quarter 2020 earnings calls Aug. 13. Both calls focused on the global bearish impact that the destocking of both crude and refined product …

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