Wall Street Journal: Ahead of the Tape

“And while 73 new vessels are scheduled for delivery this year, according to New York-based ship broker Poten & Partners, on top of the current fleet of 535, the retirement of older single-hull vessels is helping to keep supply in check. Meanwhile, the temporary offshore storage of some 81 million barrels of crude oil, the equivalent of roughly 40 VLCCs, is also using up capacity.”