The average age of demolished crude oil tankers hits 21 – not much room left for demolition balancing the market! 22 May 2012 Crude oil tanker tonnage in the size range from Aframax to VLCC is now recycled at the age of just 21, a level not seen since 1995. The poor freight market now increasingly impacts the segment of more mature tankers, effectively reducing the room for more demolition to balance the market. Market analysis Tanker
Oil product tankers earnings decline as stockbuilding slows down 29 June 2016 BIMCO’s expectations remains as the oil product tanker fleet continues to grow, with earnings at the lowest since Q3 in 2014. Market analysis Tanker
Tanker Shipping - Recent positive development spurs optimism amongst crude tanker owners as VLCC earnings remain comfortable 11 April 2012 The positive demand picture that was firming freight rates on benchmark routes in all crude tanker segments towards the end of 2011 and the first two months of 2012 is still hanging around. Almost the same – that is, as Aframax tanker have seen earnings on the benchmark route in the North Sea drop during February to touch the ground before taking rates to currently USD 10,500 per day. Market analysis Tanker
Tanker shipping: The expected negative change of market balance is taking its toll 5 Sept. 2016 05 September 2016 Demand. Lower growth rates for refinery throughput and drawdowns on swollen oil stocks has impacted the seaborne tanker market negatively. BIMCO expected this to happen... Market analysis Tanker
Fleet growth squeezes crude oil tanker market 22 December 2016 This analysis explains the recent history, updates you on the current state and displays future changes for crude oil tankers. Market analysis Tanker Macro
Tanker Shipping - Currently a tough time, but a pause for breath is foreseen at the end of 2010 12 October 2010 The upcoming winter season could be a very welcome time-out from sub-USD 10,000 per day markets for both crude and product tanker markets. BIMCO forecast that freight rates for VLCC will firm as the winter season Market analysis Tanker
Tanker Shipping 14 April 2010 Floating storage is coming down on the narrowing of market contango, but persists in playing an important part in tanker demand Market analysis Tanker
Tanker Shipping 10 February 2010 Winter all year long seems to be what is needed to balance the tanker market in 2010 Market analysis Tanker
Tanker shipping: A record poor tanker market with a growing fleet is prolonging the crisis 30 August 2018 The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is ‘maintenance season’ for the global refining industry in September and October. Market analysis Tanker
A historically bad crude oil tanker market struggles to find solid support 10 July 2018 2018 has been absolutely horrible for the crude oil tankers with freight rates and the fleet utilisation rate falling to a record low level. Market analysis Market reports Tanker
