Box ships and bulkers were the first to fall, but tankers may not be far behind, according to several new research reports.rnThese imply that it's now time for tanker owners to pursue more aggressive coping strategies.rn"Tanker spot rates have plunged to near or below seven-year lows, potentially crippling near-term earnings," warned JP Morgan analyst Jonathan Chappell last week.rn"The supply-demand imbalance is playing out even worse than expected,"he lamented, blaming depressed demand, relatively on-schedule newbuild deliveries, and scant scrapping.
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