Living in "Interesting Times"

Apr 14 2022


Poten's Weekly Opinion.

The tanker market is going through extraordinary turmoil. 

The English expression “May you live in interesting times”, is claimed to be a translation of a Chinese curse, where “interesting times” are usually times of trouble. The tanker industry is indeed living in interesting times. It suffered from a high level of adversity and uncertainty with several supply and demand shocks in the oil markets in recent years and it does not appear that the situation will settle down any time soon.

 

There are still significant challenges ahead, some of which will be overcome with time, while others are more structural. However, the industry is resilient, and owners are used to adapting to changing circumstances.

 

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