Writing off the Tanker Market?...not so fast...

摘要

As we all know, the law of gravity generally applies to markets equally as much as it applies in the physical world. Certainly, during the first five years or so of this century, the tanker market has afforded excellent returns for shipowners, and this is, without a doubt, one of the longest sustained periods of this type in the last 30 years or so, i.e. within the memory of even the oldest of us still actively engaged in the tanker business. Whether these good times can continue is a hody debated question, and the answer will depend upon more factors than are apparent at first glance. Let us examine the evidence.