Optimism for crude tanker earnings over the next few months remains well justified both on the demand and supply side, according to an analysis by Ralph Leszczynski, the Singapore-based head of research at Italian shipbroker Banchero Costa (Bancosta).
But the inevitable rush to order tankers is casting a progressively longer shadow over 2016 as shipowners flee a historically dismal dry bulk market — not least through a recent series of conversions of bulker orders to tanker orders.
