Raw oil tanker owners on the brink of collapse
According to the analyst firm Fearnley, owners of raw oil tankers have been pressed so far down in their rental contracts that market participants are asking themselves how long it will be before certain companies have to throw in the towel.
BY OLE ANDERSEN
Desperate owners of raw oil tankers have been lowered so far by the charters that the rates continue at a level far below opex from the Middle East, writes the analyst firm Fearnley.
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