Fairplay: Tanker Rates Left Resting in State of Languid Recovery

“An opinion piece by the New York-based tanker broker Poten and Partners called ‘Summer Doldrums’ provides a detailed recounting of the major bogeys facing the tanker market. These include extended summer vacations in worldwide shipping centres combined with refinery maintenance and reduced demand for heating oil in western markets typically increasing the supply of available ships in the third quarter, thus decreasing earnings.”