It’s The Supply Side, Stupid! (November 14th, 2014)
Limited fleet growth has been a key factor in the tanker market recovery
During Bill Clinton’s successful 1992 presidential campaign, his strategist James Carville coined the phrase “It’s the economy, stupid”. It was a clever slogan to focus the American voters on the then-prevailing recession in the U.S. In the commodity shipping markets, any explanation regarding movements in rates and prices almost always includes a strong supply element – which is no different this time around.