BIMCO: After the party, the hangover is proving drawn out for oil tanker shipping
Tanker shipping was in many ways the odd one out of the shipping sectors in 2020; at the start of the pandemic, the market was strong, only to finish off the year in the doldrums, while the other sectors stayed profitable. Even a demand boost in December only managed to lift earnings slightly, raising the question of what it will take for tankers to return to profitability?
In the immediate aftermath of...