Ridgebury Tankers chief executive Bob Burke says markets will have a tough time absorbing all the new crude tanker capacity being delivered over the next two years. Suezmaxes, in particular, bear the brunt of the rate pain due to ongoing disruptions in trans-Atlantic trades.
Burke's assessment was delivered during a panel discussion at the Hellenic-Norwegian Shipping Conference in New York. His outlook on clean tankers was more positive as low rates prompt more arbitrage trades.
Dirty
