Sudden rate dive in tanker makes investors nervous

Tanker rates are down almost 50 percent on some routes, and this creates nervousness among investors. However, a shipping analyst and the CEO of a shipping company downplay the development. The market is still the best in years, they say.

Photo: China Stringer Network/Reuters/Ritzau Scanpix

Tanker rates have dropped steeply thist week, as the prices for chartering a VLCC ship are down by almost 50 percent on some routes.

The sudden plunge has made several investors nervous about whether the long-term recovery that numerous stakeholders and observers project is a dud.

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