Carbon Positive: Ton-mile Growth for the VLCC Tanker Market to Occur Only if Tonnage Supply is Moderated

“The market for VLCCs is an ever changing one and while new routes are emerging and there is optimism for a projected rise in ton-mile demand, the supply side of the market needs a closer look and attention. In its latest report, Poten & Partners noted that the spate of newbuilding activity across different tanker sectors could be evidence that a lemming-like approach to supply analysis is well underway.”