Desperate owners of raw oil tankers have been lowered so far by the charters that the rates continue at a level far below opex from the Middle East, writes the analyst firm Fearnley.
According to Fearnley, the main subject of conversation is once again the question of who will become the next company to go under and file a petition in bankruptcy, which will only be a matter of time if the current market level continues.
Already a subscriber? Log in.
Read the whole article
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.