Offshore & Energy

Tanker Fleet Growth Threatens Freight Boom, Bullish Secondhand Markets: Analysts

Hellenic Shipping News
Tanker Fleet Growth Threatens Freight Boom, Bullish Secondhand Markets: Analysts

A wave of tanker deliveries is set to test whether geopolitical disruption and longer trading routes can continue supporting charter rates and ship values, according to S&P Global Energy CERA’s latest fleet outlook, after an extraordinary freight market rally pushed some secondhand ship values above newbuilding order prices. Taking newbuild order books and scrapping into ...

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