Fairplay: Solid Oil Imports Driving Growth in Tanker Sector

19 Nov 2015: “However, the large VLCC orderbook was likely to put downward pressure on rates as the ships were delivered, said Jeffrey Goetz, managing director of energy-focused shipbroker Poten and Partners. He said about 85 vessels, representing 50% of the existing fleet, were expected to be delivered in the next couple of years, and that would introduce volatility into the market. “Goetz said there was a risk is that overall demand prospects were too optimistic, but with increasing global population growth and improved standards of living requiring more energy, this risk was probably small. “In the LNG business, it was the United States that would dominate world exports up to 2020. Goetz said US exports were projected to rise from 21 million tonnes to 33 million tonnes in five years, providing half the global increase in seaborne supply.”