Drewry: No rate increases for tank market anytime soon

The pressure on crude oil tankers won't subside anytime soon, according to British analysts Drewry. The remainder of 2013 will be characterized by overcapacity, Drewry tells ShippingWatch.

BY TOMAS KRISTIANSEN

There's not a lot of optimism to be found at the British analyst agency Drewry, which specializes in the shipping industry, when talk turns to the financially struggling tanker sector, especially the major super tankers, the VLCCs.

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