ShippingWatch

Intertanko: These are the tanker market’s troubles

As if the tanker market did not have enough to worry about in the year of 2013, during which way too many ships have entered a market with little growth, new jokers have appeared,” Intertanko tells ShippingWatch.

Photo: PR-foto: DHT Holdings

Frontline is engaged in a new restructuring. Maersk Tankers is fighting to secure a surplus or a better result even. Torm is struggling to prove to the shareholders, the old bank creditors, that they can run a business.

If you ask the international organization of the tanker shipowners, Intertanko in London, challenges abound, not least for the major VLCCs which sail in Frontline and Maersk Tankers.

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