AV- heard an interview this am. Some analyst was negative on the tankers. Something like 65 new tankers being built out of 400 in market currently. Showed rates coming down, don't remember the particulars. Think it was on Bloomberg so you probably find it there. Hare
The article is in there. There is nothing wrong with tanker rates. In fact, Suezmax rates are holding well in the $70K per day range and I believe that VLCC rates are in the low hundreds. NAT just pre-announced a good quarter. They will probably dividend at least $1.75. Imarex says that most tanker route indications as to price are "firm". It is very similar to the environment for the E & P's. There is an apocalyptic thinking behind the market. China is going to fall off a cliff after the Olympics; the world will go into recession as a consequence of high oil prices; these companies have run to far too fast, etc.
It's summer! We should expect to find a few bargains down the road.