Tanker owners may want to turn away now.
Consultancy Alphatanker has produced a new forecast for 2022 that makes sobering reading for those controlling VLCCs and suezmaxes.
The company believes the VLCC market will remain under pressure after rates hit 30-year lows this year.
Tightness in the sector had driven the global tanker market to new heights at the end of 2019 as upward momentum filtered down into the smaller segments, the consultancy argues.
