07/06/2016at 12:23

Yard crisis could make new tankers even cheaper

The price for a tanker newbuilding this May reached the lowest level since 2013. The problems at the Asian shipyards could push the price further down, notes Gibson Shipbrokers. However, the broker calls for tanker carriers to be cautious.

BY NIKLAS KRIGSLUND

The price for a brand new tanker is already hovering at the lowest level in years, but it could be headed even further down.

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