Tanker market prospects were a major item of conversation at the annual shipping conference hosted by the Hellenic American and Norwegian American Chambers of Commerce in New York with this year’s theme was “Shipping Survivors”.
A record high crude oil tanker delivery amounting to 5.5m dwt in January has instantly threw the sector's demand-supply out of balance and put pressure on freight rates, according to a latest report by Bimco.
China’s Unipec remained by far the largest spot charterer of crude tankers in 2016 according brokers Poten.