McQuilling Partners says a deal to cut crude production and global de-stocking of oil inventories will result in a "down year for owners of all tanker classes." Likewise, the brokerage sees tonne-mile demand as largely tepid over the next five years.
Amid lower rates and shipyards ready to pounce on any order, McQuilling also sees a tough year for vessel prices with lower average prices across both clean and dirty tankers.
