(Bloomberg) -- The number of oil tankers on order at
shipyards around the world climbed to a record this month and
may herald a slump in freight rates, according to Citigroup Inc.
analysts.
The number of crude and refined-oil tankers on order at
shipyards in South Korea, China and Japan rose 40 percent to 150
million deadweight tons in the year to the start of May,
Citigroup analysts led by New York-based John Kartsonas wrote in
a note to clients yesterday.
Read more at Bloomberg Energy News
shipyards around the world climbed to a record this month and
may herald a slump in freight rates, according to Citigroup Inc.
analysts.
The number of crude and refined-oil tankers on order at
shipyards in South Korea, China and Japan rose 40 percent to 150
million deadweight tons in the year to the start of May,
Citigroup analysts led by New York-based John Kartsonas wrote in
a note to clients yesterday.
Read more at Bloomberg Energy News
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