This is definitely not the best of time for tanker vessel owners worldwide, as the tragedy of trade war between the United States (US) and China; about 19-month curtailment of crude cargoes; and environmental regulations that are proving uneconomical, hit hard on the fleet. The tanker market has been in the doldrums and times have…

President Donald Trump spoke out defiantly Friday against global criticism of his plan to impose tariffs on steel and aluminum imports, seeming to welcome the idea of a trade war.