Tanker Demand

By Mid-2025, 11% of Tanker Demand Will Be 20+ year-old

Credit: precious-madubuike-JC9S-unsplash

20+ year-old tankers set to make up 11% of all tanker demand by mid-2025, states a Splash 247 news source.

On track to make up 11% of all tanker demand by mid-2025

Tankers still working aged above 20 years of age made up just 1% of the global tanker fleet pre-covid, and were still a rarity at 3% before the invasion of Ukraine in late February last year. They’re now on track to make up 11% of all tanker demand by mid-2025, according to data from brokers...

https://mfame.guru/by-mid-2025-11-of-tanker-demand-will-be-20-year-old/

Tanker Demand in 2020: Way Below Expectation

  • Tankers had an exuberant end to 2019.
  • The outlook for tankers in 2020 was universally promising.

The expectations were for a rebound in refining activity in 2020, partly from IMO 2020, but also oil demand growth, new refinery capacity and a tighter stock position, says an article published in Riviera.

Expectations in 2020

In announcing Q4 2019 results, Euronav chief executive Hugo De Stoop said: “Tanker sector fundamentals improved further during Q4 to drive large tanker markets to their highest...

https://mfame.guru/tanker-demand-in-2020-way-below-expectation/

COVID Vaccine & Biden – Mix Bag of Effects for Shipping

analyst on vaccine

The stock market soared on Monday in the wake of President-elect Joe Biden’s victory and Pfizer’s vaccine announcement. Both news bombshells will affect ocean shipping — with myriad consequences for the container and tanker sectors. The market puzzle is getting ever more complicated, writes Greg Miller, Freight Waves Senior Editor in an article published on their website.

Low-case stimulus scenario for containers

Federal stimulus has had an enormous effect on consumer spending power, and...

https://mfame.guru/covid-vaccine-biden-mix-bag-of-effects-for-shipping/

Painful Crude Tanker Market Collapse Awaits As COVID Hangover Continues

Chinese water torture is defined as “a painful process in which cold water is slowly dripped onto the scalp, forehead or face for a prolonged period of time, allegedly making the restrained victim insane”, writes Greg Miller, Senior Editor of Freight Waves in an article investigating the crude tanker collapse. 

Crude-tanker owners and investors may face their own version of this ancient torment. Today’s agonizingly low rates could be just the beginning.

The massive floating storage volumes...

https://mfame.guru/painful-crude-tanker-market-collapse-awaits-as-covid-hangover-continues/

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