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No improvement for product tankers without vaccine, says Torm chief

Danish product tanker owner Torm sees prospects for better rates with news of a vaccine to control the coronavirus. The timing of the market recovery is however dependent on how effective it is

Product tanker rates will be subdued for as long as we have this health crisis,’ says executive director Jacob Meldgaard, adding that he is feeling positive about a recovery given news of a vaccine this week

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