/biz/ - Business & Finance

>>19371336
It absolutely could anon - I get the feeling the US administration is itching to stamp on China's throat soon. We have to wait and see, but tankers could do very well from sanctions.

A big stonking humongous heaving roided baby divvy! My favourite.

From FRO's Q1 report:

"The lack of growth in the global tanker fleet is one of the most critical drivers of long-term earnings and is ultimately
more important than near-term dynamics. The order book is at a level not seen since 1997 and various factors
support our expectation that order books will remain very low over the next 24 months. Also, about a fourth of the
VLCC fleet will be 15 years+ in 2021. We also expect vessel off hire to continue to have a material impact on fleet
capacity over the next 12 months as a large number of vessels are due to periodic dry dockings, many of which were
delayed due to the pandemic."

>>18889606
Why are you so trigged anon, it's quite endearing. I like you.