Reuters: Oil Tankers Face Choppy Seas As Wave Of New Ships Weighs On Rates

12 July 2016: “But daily charter rates are seen falling in the second half of 2016, with the global fleet set to expand by seven percent in just six months as owners take delivery of some 85 new VLCC and Suezmax tankers, according to British shipping service firm Clarkson and New York ship broker Poten & Partners.”