Trafigura’s big ship leasing deal comes at a time of historically low newbuilding prices while tanker owners have been calling for the market to focus on scrapping, a shipping analyst argues.
As TradeWinds reports this week, the Swiss trader is supporting an order of up to 32 tankers placed by China’s Bank of Communications Financial Leasing (BoCom FL) at Hyundai Heavy Industries (HHI) and New Times Shipbuilding (NTS).
