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Torm expects 5% product tanker growth on IMO 2020

Product tanker trade is expected to grow by 5% in 2020 owing to the new emissions rules set by the International Maritime Organization. That should help boost earnings, according to Danish owner Torm

Product tanker earnings should see a boost from the second half of this year as demand growth of 5% is expected to outweigh vessel supply growth of about 3%, says Danish owner Torm

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