Shipping Tribune: Oil Tankers Are Filling Up and Raking It In: Surging Crude-Oil Output Has to go Somewhere
29 Jun 2015: “’The abundance of crude in the world has created some distressed cargoes,’ said Erik Broekhuizen, head of tanker research at marine brokerage Poten & Partners. ‘In effect, they’re using tankers to store crude because they can’t find buyers.”‘