Huge deficits, several years of towering fleet growth, weak tanker rates and spigots being turned off in many of the world's oil nations — these factors are not deterring new players from entering a currently hard-pressed tanker market.
And low prices on newbuilds and second-hand vessels have motivated Hunter Group as well a ADS Crude Carriers to enter the sector in recent months. One company is buying 16-year-old ships. The other has an order book that could up including ten new VLCCs, very large crude carriers.
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