Euronav CEO: Growing fleet could be a struggle in 2017

The tanker industry will likely find itself struggling with a growing young fleet and modest scrapping next year, projects Patrick Rodgers, CEO of major Belgian tanker carrier Euronav, in an interview with ShippingWatch.
Photo: Euronav
Photo: Euronav

2016 will not be the flashy year for international tanker as shipowners in both product tanker and crude oil hoped for at the beginning of this year. It was evident already from the half-year results that the boom, which began off in 2015, had started to diminish. It will soon be revealed whether supertankers in Norwegian Frontline and Belgium's Euronav have sailed at good rates and experienced abundant employment, just as the smaller segments in carriers such as Torm, Norden, and Scorpio will reflect the market for refined products.

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:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading