Tradewinds: Tanker Market to Ride Boom into Next Year but Uncertainty Looms

23 Oct 2015: “In a recent not to clients, New York tanker brokerage Poten & Partners sought to contrast recent rates of $100,000 per day with similar VLCC earnings in 2008, before the market crashed.  After all, at that time, the orderbook represented 48% of the existing VLCC fleet and it touched $100,000 per day on the way down, while today’s rates are part of a rising trend. “‘Where do rates go from here?’ the brokerage wrote. ‘The consensus view is that the tanker market will probably remain strong well into 2016 because the world is awash in crude and needs tankers to move it around.'”