Shipbroker: The major boom for tanker carriers is over
With the weakest earnings in 22 months, reduced demand, and declining ship values of almost 25 percent, the massive boom in the tanker market has come to an end, concludes broker agency Allied Shipping Research in a new analysis.
BY OLE ANDERSEN
The upswing in the international tanker market seems to have ended for the carriers, which have been sailing for the best rates in years, since the last months of 2014 and throughout 2015.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Norden's crucial buffer against bulk is now weakened
For subscribers
2016 looks set to be a tough year for tanker carriers
For subscribers
