VLCC Fleet Seen by Maersk Outpacing Demand Growth in 2013

Following are comments by Maersk Tankers, the oil-shipping unit of the world’s most valuable shipping company, on the outlook for very large crude carriers in 2013. Maersk commented in its group annual report today.

“Significant VLCC tonnage will be added to the market in 2013 with demand growth expected to be unchanged. General overcapacity and weak demand growth affected the product tanker segments negatively in 2012. Expectations for 2013 remain unchanged with a relatively flat demand/supply development.”

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

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