Ton mile demand on the rise in the tanker market, while slow steaming is the new norm
With VLCCs and Suezmaxes emerging as the most sought after tanker classes from ship owners this year, the focus has shifted away from product tankers, which were the “stars” of the first half of last year. According to Mr. Patrick Tye, Head of Research of Gibson Shipbrokers, nearly 300 product tanker orders were placed last year, versus just 62 crude tankers, but in the first fewmonths of 2014, owners have ordered 20 VLCC’s, versus just 29 product tankers, a complete reversal over last year. In an interview with Hellenic Shipping ...
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