New trade flows out of the Atlantic Basin are helping tanker tonne-mile demand in the face of cuts in Opec crude oil output.
But tanker executives said today that newbuild deliveries continue to be the main risk, with more supply coming later this year, and the potential for a new round of newbuild ordering.
Euronav chief executive Paddy Rodgers told attendees of the Capital Link International Shipping Forum in New York that crude oil demand remains resilient despite the price gains in crude oil.
The
