- Shipping analysts seem to collectively agree that the product tanker fleet will benefit from the IMO 2020 global sulphur cap.
- The majority of low sulphur fuel supplies are situated in the Middle East and southeast Asia, whereas the requirement is in Europe and the Americas.
- The main flaw in this theory is that refineries alter the ‘slate’ or the mix of the output in response to market conditions.
- Also, there are 87 VLCCs and Suezmax tankers due for delivery by the end of 2019.
- Only time...
http://mfame.guru/suezmax-swing-supply-may-ruin-the-product-tanker-2020-bonanza/