VLCCs are set for their first year of negative fleet growth since 2002, offering some hope that the sector might be about to stage a comeback, according to Dr Adam Kent from UK consultancy Maritime Strategies International (MSI).
Kent was speaking last week in Hong Kong at the Maritime CEO Forum where he predicted crude tankers and LR1s were poised for a rally.
Kent told the exclusive shipowner gathering that while tankers had been “bobbling along the bottom for a while” they were likely to head up. He cited recent charter activity to support his viewpoint.
Splash readers can watch Kent’s views below.
The Maritime CEO Forum in Hong Kong was sponsored by Anglo-Eastern, Cobham, Compas, Dualog, DVB, Liberian Registry, Marlink and Transas. The next edition of the forum will be in Singapore in April 2019.