2021 Virtual Argus Crude Summit

  • 26/01/2021
  • 28/01/2021
  • Webinar
  • Peter Sand
  • ps@bimco.org

Peter Sand, BIMCO’s Chief Shipping Analyst will join the ‘2021 Virtual Argus Crude Summit’ sharing his views and insights in the oil tanker market.

Peter Sand joins the Europe & America focused session Opportunities in crude freight and storage markets, on 28 January from 16:00-17:00 CET. 

During the panel discussion, he will discuss the impact of the pandemic over the oil tanker market as well as BIMCO’s views on the recent developments dominating it.

The loss of several years’ growth in global demand for oil – and, therefore, for tanker shipping – will lead to a worsening of the fundamental balance in the market.

Though fleet growth will be lower, as a result of the drop in contracting during the pandemic and the poorer outlook in the coming years, the fleet will continue to grow year on year.

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