EU has remained a leading importer of seaborne crude oil during 2024. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil prices and risks of economic recessi…
Tankers: Seaborne Crude Oil Imports from the EU on the Rise Read More »
Product tanker earnings will moderate in 2025 as demand fears and improving supply weigh on rates. The journey of the humble product tanker has been full of surprises with rates surging since the start of the Russia-Ukraine war. Owners benefitted hugel…
Product tanker to battle fleet expansion in 2025 Read More »
Leading research and consultancy provider Maritime Strategies International (MSI) forecasts that tanker contracting in 2024 will reach its second highest level ever. The first 11 months of 2024 saw near-record levels of tanker contracting, with 55m dwt…
Out with a bang? MSI puts 2024 tanker orders on course for second highest total Read More »
As we enter 2025, it’s worth reflecting on the course of the tanker market during 2024, as well as giving an insight into what to expect in 2025. In a recent weekly report, shipbroker Xclusiv said that “the tanker market in 2024 exhibited remarkable re…
Tanker Market: The State of Affairs Read More »
Crude tanker owners will continue to enjoy attractive earnings in 2025 amid economic and geopolitical uncertainties, as slow fleet growth and increased long-haul trade will keep tonnage utilisation high. While VLCC rates will benefit from a surge in lo…
The momentum of high earnings will continue in 2025 for crude tanker owners Read More »