Tanker Rent Higher from 2018

EhtesadOnline: The NITC's Rent Director Ali Akbar Akhound Kazzemi said on Sunday that tankers' renting is expected to rise as of 2018.

News ID: ۷۶۸۲۶۲

18 July 2016

According to FNA, Akhound said for the time being the market for renting of tanker s, especially the VLCC ones, is  balanced  but as of 2018 the charges will start going high.

He said based on the statistics available and number of orders registered in construction of new tankers, it seems that as of 2018, global fleets will follow sluggish growth and number of incoming oil tankers will not be equal with the rate of demand.