Trade disputes, sanctions to support tanker freight rates despite fleet expansion

Global dirty and clean tanker freight rates are likely to be firm this year due to trade disputes and sanctions, despite a large supply of newbuilds expected to enter the market, participants said Jan. 19. There is certainly going to be a large growth in the tanker fleet during this year and the next than we have had in the last two years, said Ralph Leszczynski, research director with Genoa-basedGlobal dirty and clean tanker freight rates are likely to be firm this year due to trade disputes and sanctions, despite a large supply of newbuilds expected to enter the market, participants said Jan. 19. There is certainly going to be a large growth in the tanker fleet during this year and the next than we have had in the last two years, said Ralph Leszczynski, research director with Genoa-basedRead More