Splash 24/7: Tanker torpor

21 September 2016: “Erik Broekhuizen, head of tanker research at Poten & Partners, believes that the market will eventually turn back up. According to Broekhuizen, in the short term the market could be strengthened as winter demand kicks in. A return of contango in the oil market could bring back floating storage and any type of major supply disruption as a result of a geopolitical events in the Middle East will also cause the market to spike. The return of floating storage is unlikely in the short term, while geopolitical events are inherently unpredictable.” To read full article, click here