Independent journal on economy and transport policy
08:39 GMT+2
STENA BULK DROPS AFRAMAX TANKER PLANS
(TradeWinds)
October 3, 1997
Stena Bulk managing director Ulf Ryder has expressed concerns about a collapse in the market earlier. Now he says: "We know it is going to happen - around the year 2000." The massive ordering of Aframax tankers since last year, equalling as much as 25 per cent of the existing fleet, has convinced the company to cancel its plans to order four tankers ...... Read more on TradeWinds
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