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Refining squeeze good for Brostrom.
Publication: Europe Intelligence Wire Publication Date: 31-OCT-05 |
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COPYRIGHT 2005 Financial Times Ltd.
(From Lloyds List)
Byline: Product and chemical tanker specialist expects strong freight market into 2006 as spot market demand shows 'dramatic improvement', writes Jerry Frank
A GLOBAL refinery capacity crunch is holding out big gains for Swedish owner Brostrom on top of its 82% surge in pre-tax profit so far this year.
The product and chemical tanker specialist yesterday said it expected a strong freight market into next year as nine-month pre-tax profit rose to Skr440m ($63m).
Brostrom's senior...
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