crude tanker shipping

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There have been two historic shipping booms since the turn of the century. Could a third be around...

https://www.freightwaves.com/news/in-search-of-shippings-next-supercycle-are-tankers-next

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The drive to decarbonize shipping looks like it’s about to pay off in a big way — not for the...

https://www.freightwaves.com/news/how-decarbonization-backfired-tanker-construction-slows-to-trickle

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The Ukraine-Russia war has rerouted crude tanker flows over the past year, equating to higher...

https://www.freightwaves.com/news/the-rise-of-crude-tanker-cannibals-in-the-wake-of-war

The European Union and G-7 nations, together with Australia and Japan, implemented sanctions against Russian refined products exports Feb. 5. Restrictions on Russian crude exports began Dec. 5. The system was designed to keep Russian cargo flowing — and it’s definitely still flowing.

“We see no indication that Russia will have to cut back its exports of crude or refined products,” said David Wech, chief economist of Vortexa, during a presentation Thursday.

And despite predictions to the contrary,...

https://www.freightwaves.com/news/welcome-to-the-dark-side-the-rise-of-tanker-shippings-shadow-fleet

Tanker investors have been getting cold feet this winter. Spot rates are down sharply from November and stocks are off earlier highs. Yet the bullish tanker thesis — war-induced trade inefficiencies, post-COVID reopening, new vessel capacity that’s about to fall off a cliff — hasn’t changed.

After spot rates “began to ease from highs that were completely unsustainable” came “the predictable selloff in the equities,” said Evercore ISI analyst Jon Chappell in a research note on Friday.

“We’ve been...

https://www.freightwaves.com/news/sanctions-effect-begins-crude-tankers-forced-onto-longer-voyages