Before the recent hike in rates this week, figures suggest suezmax tankers are faring better in the market downturn than other sectors and may even have better prospects.
One broker describes suezmax newbuildings as “the best of a bad lot”, in terms of investment opportunity.
A key factor for investors is the size of the suezmax orderbook, which is significantly lower than that of VLCCs, aframaxes and product tankers as a proportion of the fleet.
According
