Fairplay: Solutions for the Tanker Trade

“Over the past few weeks, various brokers have offered their prospective solutions to the problem of low rates – from selling vessels for demolition to new trading routes and possible lay-ups. Poten & Partners looked afresh at the plight of tanker owners given the current low Worldscale rates. They propose a triangulated series of VLCC routes, based on timecharter equivalents, which gives owners the ability to improve the utilisation of the vessel, thus improving the total earnings for the duration of the voyages.”