THE TANKER DILEMMA REVISITED 

by Kevin Shilleto

(Three years ago (MEES, 12 April 1982) Mr. Shilleto, a Director of the Londonbased oil transportation consultants Internaft Limited, questioned in MEES whether the Gulf oil producers had not been ]ulled into a false sense of security by the chronically depressed state of the tanker market. Mr. Shilleto returns to this theme in the following article.)

Early in 1982, I posed the question whether Gulf producers were short-sightedly...