Tanker shipping: sky-high freight rates have given way to a profitable winter market supported by the fast-approaching IMO 2020 Sulphur Cap 25 November 2019 BIMCO expects freight rates will once again come under pressure after the end of the high seasonal demand in Q4, as well as the boost from the sulphur cap. The fleet growth of 6.3% in the crude oil tanker market and the 4.8% growth in the oil product fleet will have its consequences on the supply and demand balance. Market analysis Market reports Tanker
Tanker deliveries are soaring as demolitions hit decade-lows 16 October 2019 Delivered tonnage of crude oil tankers have grown by +37%, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade with a reduction of 52% from the year before. Market analysis Macro Tanker Dry cargo
Tanker Shipping: While we wait for 2020 to kick in, it's all about politics 12 June 2019 The tanker market is – even more so than before – all about geopolitics. Market analysis Macro Tanker
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
Tanker shipping: The expected negative change of market balance is taking its toll 5 Sept. 2016 05 September 2016 Demand. Lower growth rates for refinery throughput and drawdowns on swollen oil stocks has impacted the seaborne tanker market negatively. BIMCO expected this to happen... 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 - Low demand growth and an ever increasing fleet impact the market conditions negatively 16 August 2012 Overall annual oil demand growth in 2012 is now expected to come in at 0.9% by the IEA (+800,000 barrels per day), close to last year’s 0.8%, which was a 10-year low (excluding the contracting years of 2008/2009). The rise is exclusively originating from non-OECD countries. The outlook was modestly curtailed by early July on the back of the weaker global economic situation. This translates into a rather slim fundamental support to the tanker segment, but fortunately tanker shipping is so much more than overall oil demand. Market analysis Tanker
Tanker Shipping - A strong market seems remote 16 October 2012 The demand situation in tanker shipping is anything but formidable. We see a mixed picture from one trading area to the next and from crude oil to products. 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
Tanker Shipping - Tight supply delivers rate spike in Suezmax, MRs hope for a busy Summer on the Atlantic as the US driving season kicks in (while VLCCs struggle in a really tough market) 13 June 2012 The demand picture for oil tankers is steady – perhaps a bit too steady if you look at the freight rate movements for VLCC crude oil tankers and MR clean product tankers. This stands in contrast to the spikes that Suezmax owners have achieved during the first five months of 2012. Market analysis Tanker
