Hellenic Shipping News: Dirty tanker markets face reality check after boom busts

July 20, 2020

If oil demand returns quickly, the tanker market will likely be strong once oil inventories have normalized,” analysts at Poten & Partners said in a recent note.

“If demand growth stalls, the tanker market will be affected but, in contrast to most other demand declines in the past, the current tanker fleet has a relatively modest order book and an age profile that allows for a relatively quick recovery,” Poten & Partners added.

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