Tanker market short-term outlook looks uncertain

With the tanker market picking up some moderate speed this week, analysts have begun to wonder about the short-term prospects of the market, as we head towards June loadings. According to a report from CRWeber, uncertainty abounds as to the near term prospects for the tanker markets; indeed for every positive assessment there is a countering negative assessment. “Whilst we reiterate our view that a true, sustained recovery for larger tanker classes is unlikely until at least mid-2013, there is some reason to believe that these classes are poised to experience a mini-rally from late-May/early-June” said the analysis.
[Read More]
Source: Hellenic Shipping News