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 - Recent positive development spurs optimism amongst crude tanker owners as VLCC earnings remain comfortable 11 April 2012 The positive demand picture that was firming freight rates on benchmark routes in all crude tanker segments towards the end of 2011 and the first two months of 2012 is still hanging around. Almost the same – that is, as Aframax tanker have seen earnings on the benchmark route in the North Sea drop during February to touch the ground before taking rates to currently USD 10,500 per day. Market analysis Tanker
Tanker Shipping - Few escape routes for the already stressed out tankers – Summer is unlikely to heat freight rates 22 June 2011 A fundamentally weak oil demand that is negatively affected by the high oil prices is hampering demand for both crude and product tanker tonnage. The weak demand is set to stay around according to IEA, which projects limited growth in 2011 of 1.5% against the 3.3% rebound growth in 2010. Market analysis Tanker
Tanker Shipping - Unusually disruptive times combined with a stream of new tonnage in all segments 12 April 2011 In a year that is bound to be challenging for tankers, increasing focus will be on the different disruptions affecting the market and bringing about rate spikes Market analysis Tanker
Tankers still in demand despite bleak outlook 15 March 2011 One year ago the tanker orderbook stood at 132 million DWT – today it totals 118 million DWT. The total orderbook is down by 11% over the last year. Even though new contracts are being signed at a steady pace, that pace remains slower than that of newbuildings being delivered. Market analysis Tanker
As oil prices plummet, crude oil tanker time charter rates skyrocket 02 April 2020 Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter (TC) rates have soared. Market analysis Market reports Tanker Container Dry cargo Macro
Tanker shipping: A record poor tanker market with a growing fleet is prolonging the crisis 30 August 2018 The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is ‘maintenance season’ for the global refining industry in September and October. Market analysis Tanker
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
Tanker shipping: markets under massive pressure from low demand growth 19 February 2018 The future of oil demand and subsequently of tanker demand is very much policy driven. It has been so in the past to some extent, but in coming years this will be more apparent. Market analysis Tanker
Tanker Shipping: Winter is coming, random shocks can be powerful, but only fundamental improvements last 20 November 2018 The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is ‘maintenance season’ for the global refining industry in September and October. Market analysis Tanker
