As news of a number of fresh tanker orders trickles in, Braemar chief executive James Gundy has reassured owners that this will not become a flood any time soon.
Companies such as Euronav and Mitsui OSK Lines have been contracting crude tankers, while Al Seer Marine has just put pen to paper on new product carriers.
But the London shop’s boss told TradeWinds: “A lot of people are still very hesitant.”
