VLCCs face a flat earnings outlook through the end of next year as newbuilds weigh on rates and smaller tankers steal cargoes, according to Braemar ACM Shipbroking.
Braemar's global head of research Henry Curra delivered his views to attendees of the Connecticut Maritime Association's Shipping 2017 conference. He say strong freight rates during 2014 and 2015 were the result of low crude oil prices spurring refinery demand.
But
