Tankers Br(exit) Strategy

24 Jun 2016:  On a lazy summer day (in New York at least), the world woke up to the news that voters in the United Kingdom voted to leave the European Union after being a member since 1973. As most people worldwide expected the ‘Remain’ camp to prevail in the end, the Exit vote came as a shock and, as a result, currency, commodity and stock markets are in turmoil across the globe. In April, the IMF ranked the United Kingdom as the 5th largest economy in the world (after the USA, China, Japan and Germany) and, as an island and former global empire, shipping has traditionally been an important part of its economy. The question is: what is the potential impact of ‘Brexit’ on the international tanker markets? Download Here