Further tanker consolidation predicted

Further tanker consolidation predicted

Further tanker consolidation is likely, Clarksons Research predicts in its latest weekly report.

With 2017 marking a year of massive merger and acquisition activity for the tanker sector, the fundamentals of the segment still lend themselves to more deals being hatched, the British research outfit maintains.

“Publicly traded companies continue to look for consolidation opportunities as the tanker markets remain under pressure and pricing appears attractive,” Clarksons Research reported, adding: “It remains to be seen what the ownership landscape will look like in 2018, but chances are we can expect some changes.”

Clarksons went on to note that it is seeing a “slow trickle” of more modern tankers coming to market in recent days with mounting interest among buyers although it had no confirmed sales to report.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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