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Whether the phase out of single hull and non-double hulled tankers becomes massive in 2010 or at the latest stage in 2015 does not really matter to the market.
Winter all year long seems to be what is needed to balance the tanker market in 2010
Global economy: World growth is now projected at 4.6% in 2010. Relative to the April 2010 World Economic Outlook (WEO), this represents an upward revision of about ½ a percentage point in 2010, reflecting stronger activity during the first half of the year. At the same time, Eurozone downside risks have risen sharply amid renewed financial turbulence.
For the first time in exactly half a year – container spot rates out of Shanghai have increased after falling for 25 consecutive weeks. On the last day of 2010 – Shanghai Shipping Exchanged disclosed rising spot rates for all destinations including the main trading lanes going to Europe and US West Coast. Following a 29% drop on average spot rates, the index rose 4% during the 52nd week of 2010.