Dec 04: Ordering a new tanker or even buying a second hand one is undoubtedly a big decision.
8More often than not the investment is driven by robust industry earnings, although at times the main reason is attractive asset prices, regulatory developments andr the need for replacement tonnage.
8Assuming a new vessel is bought,with a trading life of around twenty years, the decision to order should also be considered against the backdrop of projected developments in tanker demand both in the short and in long term.
8Factors such as slowing growth in world oil demand and environmental concerns should also be taken into account.
8Find out why the buying of a tanker today is becoming far more complicated for a shipping company today.
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