Optimism in the strong tanker market was fueled further by the sector's biggest player. The market looks good for the next five years, said Frontline CEO Robert Hvide Macleod in an interview with ShippingWatch.
Maersk Tankers CEO Morten Engelstoft. Source: Maersk
Uncertainties surrounding future growth in China's economy made shares on the global exchanges plummet, and this development also hit numerous already-struggling shipping shares.
German container carrier delivered a better result than seen in a long time in an industry where the future looks more than bleak.
The week also brought interim reports from a long line of leading tanker players enjoying the historically good market.