Gradual release of 6.4 mdwt of Iranian floating storage vessels over 18 months adds 1.5% to dirty tanker operating fleet growth, just as supply peaks in late-2016 and early-2017.  Even with slippage, yards should deliver almost 60 VLCCs during 2h16 and 1h17, which is enough to move 2.4 mbpd of crude between the AG and Asia.  Owners may be slow to scrap in 2016, but demolition should accelerate in 2017, bringing growth back to 2% by late-2017.