The outlook for the global crude oil tanker market remains difficult for the near term, according to a new analysis from maritime research consultancy Drewry, reports Maritime Executive.
In a year-end analysis, they point to uncertain demand for oil combined with overcapacity and the industry’s failure to take steps to address the glut of vessels
A decline in floating oil storageIn its analysis, Drewry points to the continued lack of demolitions and efforts by shipowners to reduce the...
https://mfame.guru/crude-oil-tanker-market-to-have-a-long-painful-recovery/