Oil & Gas Journal: Intertanko Forecasts Sluggish Tanker Market

“Intertanko predicts a sluggish tanker market moving forward, with lackluster economic and demand forecasts combining with use of vessels for storage, vessel recycling, and deferred vessel deliveries to create uncertainty. . . . Intertanko expects the tanker fleet to expand during 2010, it cites Poten & Partners in noting a decline in spot tanker booking over the course of 2009.”