VIDEO: How COVID-19 Changed The Dynamics In The Product Tanker Market

By, Marine Money

Overview:
In this week’s webinar, TORM CEO, Jacob Meldgaard will take us through an overview of the product tanker market where he will focus specifically on how floating storage is affecting the market, new trading patterns, and the future of the product tanker market as we go into a post-COVID-19 world.

During the webinar Q&A, Jacob will be joined by Kim Balle (CFO of TORM) to answer any questions from the audience about this crucial topic for the industry.

Key takeaways the audience can expect to learn:
– How an unprecedented increase in the number of product tankers are being tied up for floating storage
– How inefficiencies in the market are changing the trading patterns
– Perspectives on how the COVID-19 effects will reverse, and how the future product tanker market will evolve

Jacob Meldgaard Bio:
Mr. Jacob Meldgaard has been the Chief Executive Officer of TORM since 1 April 2010.
Mr. Meldgaard has a Bachelor of Commerce degree in International Trade from Copenhagen Business School and has completed a management program at INSEAD in France. He has also completed two different advanced management programs, one from Wharton Business School, Philadelphia in 2006 and one from Harvard Business School, Boston in 2009.

Prior to his appointment as CEO of TORM, Mr. Meldgaard was Executive Vice President in Norden A/S until September 2008. Before this, he was Senior Vice President and Head of Dry Cargo Department from 2004 to 2008 and served as General Manager from January 2002 in Norden A/S. He joined Norden in 1997 after he served at J. Lauritzen A/S for two years. He started his career in shipping at A.P. Møller in 1990, where he received his shipping training.

By, Marine Money

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