JP Morgan: Tanker boom will weaken in 2017

The boom for VLCCs, very large crude carrier vessels, will not last, writes JP Morgan in a new analysis and projects significantly lower rates for the tankers, starting in 2017 and two years forward.
Photo: Euronav
Photo: Euronav
BY KATRINE GRØNVALD RAUN

The high rates for the VLCC vessels will not last. They will most likely fall significantly starting in 2017, projects JP Morgan in a new analysis.

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