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Ardmore sees boost for tankers from IMO 2020 effect

Ardmore Shipping chief executive Anthony Gurnee told the company’s first quarter conference call product tanker market fundamentals are better than they appear. As the global refinery complex prepares for IMO 2020, maintenance and upgrade downtimes are “partially masking the extent of the underlying strength”

‘On top of strong underlying demand growth, the transformation of global energy supply chains in response to IMO 2020 has the potential to be a major cyclical catalyst for product tankers,’ says Ardmore chief executive Anthony Gurnee

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