Those waiting for an imminent recovery of the severely strained tanker market must arm themselves with patience, as a fundamental improvement of the market will take time, says US-based McQuilling Services.
The analyst firm projects that the tanker market for crude oil and residue fuel products will remain under pressure from excess ship capacity in 2019, resulting in weak earnings for the big VLCC carriers and other tanker segments.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
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.