Glass Half-Full Or Half-Empty?

05 Aug 2016: The tanker market has been suffering from rather severe summer doldrums. Earnings across all tanker sectors, from VLCCs down to MRs are at levels not seen since September 2014, the period right before the most recent tanker bull market. While the summer period is historically a slow period of the year and tanker rates typically stage a recovery going into the northern hemisphere winter months, some people are concerned that this might not happen this year, at least not to the same extent. However, as is the case in almost every market, whether the glass is half-full or half-empty depends very much on your perspective and what you see as the main drivers of the market for the future. In today’s opinion we will look at some of the factors that could shape the rate environment in the second half of 2016. Download here