Tanker Market Hits Peak Supply Growth

3 Nov 2017; With the winter months approaching, we thought it would be interesting to take a look at what has happened with tanker supply over the last 12 months (October 2016 – October 2017), take stock of where we are now and see if we can draw any conclusions about what may happen in 2018.  In addition to the OPEC production cuts, tanker market analysts have pointed fingers at the steady stream of newbuilding deliveries as one of reasons for the weak tanker market this year.  Will 2018 be more of the same or are there reasons for some optimism on the tanker supply side?

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