- Near-term tanker freight dictated by oil supply, demand imbalance
- a mix of factors including floating storage and covid19 delays at ports is driving up tanker utilization and freight rates
- Tanker owners who took advantage of the situation in Q1-Q2 will expect positive fallout next year
- 10% of global crude tanker fleet currently used for storage
- Dirty tanker orderbook at 8% of total fleet, 23-year low
According to a Platts report written by Catherine Wood, Teekay Tankers is looking toward...
https://mfame.guru/floating-storage-port-delays-increases-tanker-utilization/