TIGHT FIT PREDICTED IN LONG TERM WORLD TANKER SUPPLY/DEMAND

Overseas Shipholding Group Inc. (OSG), New York, predicts long term growth in tanker demand will outstrip newbuilding. With current orderbooks full, OSG's 1989 annual report projects delivery delays of as much as 3 years on orders for new tankers. "In this environment," it says, "trading conditions for modern, efficient tankers should improve over the next few years." Considering the large tanker surpluses of the mid-1970s, soft freight rates for very large crude carriers (VLCCs), and

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