The bank expects VLCCearnings to remain squeezed for the next two or three years, with owners oftankers around 10 years of age particularly likely to face financial pressures.
In its latest VLCCmarket outlook, DVB said earnings improved in 2013 thanks to rising exportsfrom the Middle East, West Africa and South America. The highest rates seen infive years during the final quarter, however, came solely thanks to soaringChinese demand ahead of the Lunar New Year, it says.
