Shane McCarthy is a Marketing and Research Analyst at Q88 LLC.
The tanker industry has always been very volatile, but few swings in history can match what the industry has dealt with this past year. New fuel regulations, slumped global demand, fear of overproduction and uncertainty of oil futures have dominated headlines the past 12 months. For ship owners and managers, the silver lining here is that the low price of oil has meant significantly lower bunker costs resulting in good spot returns. Still the questions remains, just how long will...Continue Reading...