The market may need to get comfortable with tankers trading for longer, panellists at Capital Link’s International Shipping Forum said on Monday.
Owners of crude and product tankers said that with so few ships on order and so much uncertainty around future fuels, the global fleet may simply need to get older.
Hafnia chief executive Mikael Skov said if product tanker owners want to order 350 MR tankers, “I’m not even sure that would be enough to cover the shortfall”.
