Tanker freight rates are on a downward path, according to London-based forecasting company Maritime Strategies International (MSI), which is calling time on the year-long boom.
Its macro supply demand analysis for tankers over 10,000 dwt has thrown up some worrying results for owners and operators alike over the next couple of years.
This is the year in which an increasing tonnage supply line crosses a falling demand line, meaning only one thing — a downward path in rates.
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