Chinese water torture is defined as “a painful process in which cold water is slowly dripped onto the scalp, forehead or face for a prolonged period of time, allegedly making the restrained victim insane.”
Crude-tanker owners and investors may face their own version of this ancient torment. Today’s agonizingly low rates could be just the beginning.
The massive floating storage volumes that built up earlier this year are unloading. But very, very slowly. In aggregate, they’re dripping out....
https://s29755.pcdn.co/news/why-crude-tanker-collapse-could-be-long-and-painful