“The shipping market is likely to continue to be severelychallenged, particularly in the dirty sector as long haul crude movement isexpected to fall but the supply of vessels will still increase,” it said.

“On the clean side of the market the outlook is a littlebrighter as we expect to see greater products exports out of both the MiddleEast and the US Gulf Coast which may contain the impact of the increase insupply somewhat.”

Physical