Euronav CEO Says Demand Is Strong for Transportation, Oil

The video discusses the impact of oil prices on the shipping industry, highlighting that lower oil prices can stimulate demand and increase shipping activity. It addresses challenges such as oversupply due to government subsidies and alternative investments, as well as seasonal demand fluctuations. The video also covers investment returns in shipping and the need for scrapping older vessels, noting that many ships are approaching the end of their operational life.

What factors contribute to the decision of when to scrap a ship?

How does the age of a ship affect its likelihood of being scrapped?