It is difficult to overlook the recent growth spurt in the size of the Handymax MR fleet. At the end of May 2012, vessels in this fleet tallied 1,521 strong. The dominant portion of this count – 1,203 vessels or
In the nine months since its 2012 world oil demand outlook of 91 mBD made last July, the International Energy Agency (IEA) has progressively trimmed their estimate of this year’s consumption. Their April 2012 assessment of 89.9 mBD for 2012’s