DREWRY: TANKER ORDERS COULD SPAWN SURPLUS DURING EARLY 1990S

The 44 million dwt order book for crude oil tankers at the end of last year could cause a surplus of tankers in the early part of the 1990s, Drewry Shipping Consultants Ltd. Warns. The London firm said the bulging order book gives cause for concern, although Drewry recognizes that aging tonnage needs to be replaced. "Unless there is a sudden, sizable increase in scrapping," Drewry said, "it is almost inevitable the balance between supply and demand in the larger sectors will move in the wrong