VOL. XXXI
NO. 2
19-OCTOBER-1987
THE TANKER MARKET AND THE GULF WAR
by Kevin Shilleto
(Mr. Shilleto, who wrote this article for MEES, is a Director of the LondonShipping consultants Internaft Ltd.)
The oil tanker business continues to flirt with better times but refuses anongoing relationship. Last year's crude price collapse led to a temporaryfirming of freight rates and a certain movement to the shipyards for new largetonnage. Since January 1986, 23 VLCC's of 5.87mn dwt have been ordered. This...
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