DREWRY: TANKERS FACING HARD TIMES

More tough times lie ahead for the international oil tanker industry, warns Drewry Shipping Consultants Ltd., London. In a new study looking at tanker supply/demand and profitability to 1996, Drewry arrives at these main conclusions: Tanker freight rates will be depressed in 1992-93 as replacement tonnage is delivered to offset the expected increase in scrapping of tankers built in the mid-1970s. The pressure on newbuilding prices should be relieved by the peak in vessel deliveries expected for

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home