Are Markets Rebalancing?
April 25, 2018
McQuilling Services expresses observations through the first quarter of 2018 regarding vessel demand and supply with focus on recent activity in the VLCC scrap market. Many of the demand trends observed in the second half of 2017 are continuing this year as explained in this episode. For the balance of the year, the group expects the majority of tanker fleets to continue expanding, while the recent growth in newbuild contracts may pose additional risk to oversupply down the road.