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.
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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