Euronav: Oil peak cuts the edge of tankers' lifespan
The prospect oil demand peaking within the years to come contributes to lowering the usable lifespan of a tanker vessel to between 17 and 20 years, Euronav CEO Paddy Rodgers tells ShippingWatch.
It can be difficult to grasp the numerous future scenarios facing the shipping sector. Still, one element has settled in firmly at executive offices among the tanker carriers, though no one knows exactly when the situation will emerge.
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