The Tanker Boom: A New World Order in Shipping The recent earnings call of Navios Maritime Partners L. P.
has sent shockwaves through the shipping industry, as analysts point to a "new world order" where trade is an instrument of national policy. Global events are reconfiguring tanker demand and supply.
Navios' management attributes their strong performance to strategic arbitrage: selling 16 year old VLCCs at inflated prices and reinvesting in newbuildings at relatively modest premiums.