FEATURE: Longer voyages, aging fleet to boost global tanker freight despite OPEC+ output cuts

Capt. John

Longer voyages are likely to support global tanker freight in the second quarter of 2023 because of a prolonged Russia-Ukraine war, an aging fleet and shrinking newbuilding orderbook, but lower oil supply and concerns about an economic recession could cap those gains, market participants said April...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/041023-feature-longer-voyages-aging-fleet-to-boost-global-tanker-freight-despite-opec-output-cuts

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