Tradewinds: Superstorm Uptick in Products Market Slated to be Short-Lived

“The products-tanker rate spike following Hurricane Sandy is poised to be short-lived as many of the spot deals to bring in cargoes from the US Gulf appear to have come apart as the US north-east recovers from its battering…. ‘When I look at the numbers, it suggests that within two weeks things may return to normal,’ said New York shipbroker Poten & Partners. ‘If people start ballasting to the Gulf, we should start seeing the supply demand balance equilibrate.”