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You are here: Home Archive 2009 November Weekly Edition 19th November 2009 . . tankers are bleeding too

. . tankers are bleeding too

by Michelle Wiese Bockmann, London last modified Nov 19, 2009 02:41 PM

HISTORICALLY-low tanker rates saw AP Moller-Maersk’s tanker division lose around US$826,000 daily in the third quarter, as the Danish shipping giant warned there was no short-term improvement in demand for its fleet of oil and gas ships.

Maersk Tankers last week reported it had swung to a US$193m loss for the first nine months of 2009, including US$76m in the third quarter alone, as spot rates for the world’s fleet of crude and product tankers stabilised below...

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