Page 3 - Joakim Hannisdahl News Today : Breaking News, Live Updates & Top Stories | Vimarsana

All eyes turn to timing of tanker rate resurrection Crude tankers are seeing “classic signs of recovery.” “Newbuilding orders are extremely low. Orders this year are the lowest in 25 years.” On the product-tanker side of the equation, “refineries are shutting down so products are being shipping from further away, which is very interesting from a ton-mile point of view.” Those quotes are from a shipping conference in New York in 2011, a full decade ago. A few quotes circa-2017: “New capacity additions for global refineries are set to double, a positive for global volumes and product tanker demand.” Crude tankers should see “an asset and rate recovery in 2018 and beyond.” Given pending regulations, “the number of tankers sent for demolition will increase.”

New yorkUnited statesBen nolanJoakim hannisdahlJon chappellGreg millerLars barstadOmar noktaRobert bugbeeScorpio tankersCapital linkClarksons platou securitiesScorpio tankers president robert bugbeeMiddle eastAmerican shipperSenior editor