Friday, September 30, 2011

Tanker Owner's Vs Charterers

Soon after the financial melt-down in 2008, the demand tripped suddenly. Hunter became the Hunted. Charterers and Tanker Owners assumed predator and prey relationship. The owners tried hard to evolve during this period and they did to some extent but unfortunately they failed to give up their obsession to reproduce. This led to the herd growing out of proportion, which in essence was the very cause of the pack's vulnerability to start with.

Now the situation is so precarious that the prey of yesterday has turned into a game. Charterers have turned trigger happy. Owners will soon have to contemplate a mass sacrifice in order to reduce the flock back to a pack so that the hunter becomes the hunted again.