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The lack of tanker newbuilding orders, coupled with reduced freight and asset values over the past few months, are latest developments that may cause a more constructive market place in 2021 and outside of, In accordance with a panel of field gamers with the...
Crude tanker freight premiums are not likely to recover anytime soon unless there is a sizeable correction in vessel supply, Based on analyst Drewry.
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Spot costs for crude tankers are predicted being negatively impacted later on this yr and into 2021, even though tanker supply fundamentals can offer a constructive counterbalance, according to Teekay Tankers.
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