Very large crisis coming Source: Lloyds List Source Date: 14 - TopicsExpress

Very large crisis coming Source: Lloyds List Source Date: 14 April 2014 Summary: The Italian brokerage Banchero Costa has warned that tanker owners are heading for trouble unless they stop ordering the biggest crude carriers. As money enters the segment, new building orders have surged since the fourth quarter of 2013, with at least 82 crude tanker units over 78,000 dwt, totalling 18.3m dwt, ordered in the last six months, including 46 VLCCs totalling 14m dwt, according to the report.

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