IMO2020: Market uncertainty brings more fuel oil price volatility 07 November 2019 The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor. Market analysis Market reports Bunkers
Oil product tankers earnings decline as stockbuilding slows down 29 June 2016 BIMCO’s expectations remains as the oil product tanker fleet continues to grow, with earnings at the lowest since Q3 in 2014. Market analysis Tanker
Fleet growth squeezes crude oil tanker market 22 December 2016 This analysis explains the recent history, updates you on the current state and displays future changes for crude oil tankers. Market analysis Tanker Macro
Tanker Shipping - global oil demand disappoints expectations 12 December 2012 Persistent weakness in Europe and the impact of Hurricane Sandy led to the International Energy Agency (IEA) cutting its global oil demand forecast for Q4-2012 down to 90.1 million barrels per day. Market analysis Tanker
Tanker Shipping - Global decline in oil demand and oversupply creates challenging start of 2012 14 February 2012 Overall oil demand declined by 0.3 million barrels per day y-o-y in Q4-2011 as the global economy weakened and the winter season did not provide low enough temperatures to stimulate demand. As we have just left 2011 behind us, the final estimates for demand growth stay preliminary for the time being at 3% for product tankers Market analysis Tanker
The average age of demolished crude oil tankers hits 21 – not much room left for demolition balancing the market! 22 May 2012 Crude oil tanker tonnage in the size range from Aframax to VLCC is now recycled at the age of just 21, a level not seen since 1995. The poor freight market now increasingly impacts the segment of more mature tankers, effectively reducing the room for more demolition to balance the market. Market analysis Tanker
Tanker Shipping - Record high global oil demand not enough to create sustainable rates. 09 October 2011 Global oil demand has never been higher, despite recent revisions. Demand is driven by growth in Asia, the Middle East, Latin America and FSU, while requirements in North America and EU are contracting in 2011 as well as in 2012. The IEA has revised down its demand outlook by 0.2 million barrels per day (mb/d) for 2011 to reach 89.3 and by 0.4 mb/d for 2012 to reach 90.7. Growth outlook now stands at a modest 1.1% in 2011 and 1.6% in 2012. Market analysis Tanker
China’s thirst for crude oil pushes Brazil’s December exports to all-time high 22 January 2020 Brazilian crude oil exports hit a record high in December 2019 with a total 8.7 million tonnes of crude oil exported, as China continues to turn to Brazil for crude. Market analysis Market reports Macro Tanker 2020 sulphur cap
The collapse of the oil and bunker fuel markets in early 2020 07 May 2020 The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war. Market analysis
A historically bad crude oil tanker market struggles to find solid support 10 July 2018 2018 has been absolutely horrible for the crude oil tankers with freight rates and the fleet utilisation rate falling to a record low level. Market analysis Market reports Tanker
