Arctic Securities has pulled down its VLCC and suezmax rate forecasts for the next two years due to the weight of newbuilding deliveries.
It came as analyst Andreas Wikborg predicted a steady but not spectacular finish to 2017 for VLCCs.
“After considering the effect of increased vessel additions in 2017 and the orderbook going forward, we have revised downwards our rate estimates for the crude tanker space,” he said in a report today.
