The price of oil has little to do with the profitability of the tanker operators. Rather, boosting tanker fortunes is the interplay between the balance of worldwide demand for oil and for oil-shipping vessels supply. Driven in large part by increased consumption in China and reinforced by the recovering U.S. economy, global oil demand continues to grow. Bracing the upward pressure on charter fees created by demand growth, new rules requiring safer double-hulled vessels have caused a shortage in supply. Bears will argue the supply/demand scenario has tipped against the shippers. But we believe that, long term, the trend is still working in their favor.
"We must be ready to dare all for our country. For history does not long entrust the care of freedom to the weak or the timid. We must acquire proficiency in defense and display stamina in purpose." - President Eisenhower, First Inaugural Address
Tuesday, July 19, 2005
Buy crude carriers
Got any spare change? You might want to look into Value-Laden Crude Carriers:
Subscribe to: Post Comments (Atom)
Post a Comment