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‘Hidden’ floating storage to absorb more tankers

Hafnia chief executive Mikael Skov explains to Lloyd’s List how he sees the floating storage tanker market evolving, as Lloyd’s List Intelligence indicates that although short-term storage levels may be steady, they could end up being higher than they appear. Frontline Management chief executive Robert Macleod also lends insight into how the major tanker owner will approach the market

Although it is true to say that a rising number of tankers have been chartered explicitly for use as floating storage venues, there will also be other such arrangements taking shape that will be less obvious. These more opaque set-ups are just as important in trying to understand the levels of oil storage at sea

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