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Hafnia bets on spot market as rates soar

The second-largest product tanker pool manager, Hafnia, is placing most of its fleet in the spot market rather than chartering them out for longer periods of time, thereby taking advantage of the improving freight environment. The company is seeking to build on the tanker industry’s reversal of fortunes

Demand for product tankers will improve in the final quarter of the year as IMO 2020 regulations set in, chief executive Mikeal Skov says

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