Seatrade Maritime News: VLCC newbuild contracting up as speculators arrive

23 May 2018: “Yet despite these negatives, crude tanker contracting has picked up pace so far this year.”

“New York-based Poten & Partners, London’s E.A. Gibson and Bimco’s chief analyst Peter Sand are amongst those warning that a flurry of contracting now will only extend the misery of loss-making rates for longer.”

“But what they are increasingly concerned about is the arrival of speculators lured by cheap shipyard prices and the chance of a quick turn. “This is not what we want just now,” Poten said in a recent note.”

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