Tonnage ordering took a breather in April after hefty ordering inrnthe crude tanker market in the first quarter. Five tankers includingrntwo VLCCs and three MRs were ordered during the month.rnOverall ordering, especially in the crude tanker market, hasrnbeen strong in 2018 as low newbuilding prices, the competitivernadvantage of modern tonnage and fleet replacement for highrnscrapping has been keeping ordering buoyant. However, thernrecent ordering by investors to take advantage of attractivernprices is a worrying sign for the market as a surge in orderingrnwith influx of money from private equity in the past has proved tornbe disastrous for the market.
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