Lloyd’s List: Tanker supply-side dynamics look positive for 2018

7 November 2017: “Lower delivery numbers next year could improve the supply-demand balance, Poten & Partners says” “DELAYS to newbuilding deliveries in the tanker market support expectations that supply-demand fundamentals will remain sound in 2018, according to shipping broker Poten & Partners.” “However, Poten is positive on the long-term outlook for tankers.” Poten said if the owners again take delivery of 75%-80% of the orderbook, there will be about 185-190 deliveries in 2018, which is 20% less than this year.” ““If we see similar tanker demand growth next year, these lower delivery numbers should improve the overall supply-demand balance and support rates,” the brokerage said in a report.” To read full article, click here.