Market held back by lack of ships sent for scrapping

ADVICE to scrap suezmax tankers been ignored by owners and combined with a burst in ordering activity for newbuilding vessels so far this year is set to negatively impact a long-term recovery in this sector.

Despite crude oil and suezmax demand starting to “show some signs of life”, DVB Bank has warned owners they need to do more to rebalance the growing fleet over the coming years in its latest report – Suezmax Tanker Market...

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