Tanker

While the tanker fleet continues to age, the recent newbuilding orders are going to bring limited relief to the tightening supply particularly for crude oil and chemical tanker fleets.

The Olmeca Refinery project is one of the largest currently underway in the Atlantic basin, in this article we explore the potential impacts on the dirty and clean tanker markets.

Across many tanker segments the average duration of timecharters has been on the rise, with 1Q2024 showing no signs of that trend slowing down.

2024 has seen CPC barrels stay local at the expense of volumes heading East, as the Red Sea crisis shifts tradeflows.

The situation in the Red Sea remains volatile. Explore the impact seen so far on the tanker markets.

The recently announced Grangemouth refinery closure continues the trend of shrinking refinery capacities in Europe. However, secondary utilisation of closed refinery sites may bring some further opportunities to the tanker market.

Droughts and a delayed start to the rainy season, exacerbated by the El Nino effect, have caused significant damage to water levels in the Panama Canal. Explore what this could mean for the tanker market.

Droughts and a delayed start to the rainy season, exacerbated by the El Nino effect, have caused significant damage to water levels in the Panama Canal. Explore what this could mean for the tanker market.

This is not a drill – a crude tanker has been demolished!

With the US lifting sanctions on Venezuela, explore the potential impacts on the Crude Tanker market.

It is the time of the year when many tanker market participants start to turn their focus on the annual changes of the Worldscale Flat Rates for the year ahead.

Explore how the recent Russian CPP export ban may affect the clean tanker market, especially as the market approaches the typically stronger winter period.

Newbuilding markets have been much discussed, going on for a number of years, as successive markets have seen a significant number of replacement tonnage being ordered, notably LNG tankers and container vessels, whilst other markets, especially crude tankers, had seen orders dry up to negligible amounts.

With US Strategic Petroleum Reserves currently sitting at multi-decade lows, how could a restocking impact the tanker market?

In 2018, the government bought the troubled Trans Mountain pipeline project from Kinder Morgan with an intention to complete it and sell it after its completion.

In the tanker market, much of the column inches and presentation time has rightly been spent analysing and explaining the huge impacts that the Russian invasion of Ukraine, and resultant policy changes and trade dislocations, have had on the market.