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Tuesday, January 16, 2018

CAUSE FOR OPTIMISM IN THE TANKER MARKETS?

In their last monthly report Fearnleys indicate that there are several signs, such as increased scrapping, that give cause for optimism in the tanker market and they expect a strengthening of rates towards the end of the year.

They warn that improved rates and lower bunker prices may change this scenario. Fearnleys expect that newbuilding prices will increase due to higher steel prices and expected appreciation of the WON. Source: Fearnleys Report.