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.

Photo: BW Shipping

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.

This is the assessment from shipbroker Allied Shipping Research in a new market analysis.

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