The tanker market is clearly lagging in its role in the global economic recovery cycle and has been for some time now, but the duration the market will remain as such has been extensively tricky to forecast up to now. Nevertheless, there are signs that demand will pick up at some point during the year, curbing in turn tonnage lists and boosting freight earnings for owners. However, this process will likely emerge to be a gradual one, as the market is still currently severely wounded from the oversupply effect it has encountered.
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Source: CapitalLinkShipping
