Tanker market report dated 30 November 2018

Ordering a new tanker is undoubtedly a big decision. More often than not the investment is driven by robust industry earnings, although at times the main reason is attractive asset prices, regulatory developments and/or the need for replacement tonnage. As the vessel’s trading life is typically around twenty years, the decision to order should also be considered against the backdrop of projected developments in tanker demand both in the short and in long term. Factors such as slowing growth in world oil demand and environmental concerns should also be taken into account.

The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

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Posted: 03 December 2018

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