Massive over-ordering of very large crude carri- ers (VLCCs) and Suezmax tankers could trigger a collapse in al- ready weak dirty tanker rates, or at least quash any hoped-for re- covery in earnings. “It's a triumph for short-term thinking,” Mark Jenkins, a senior analyst at shipbrokers Simpson, Spence and Young (SSY) tells In- ternational Oil Daily.
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