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Update on the Qatar situation

The cutting of diplomatic ties with Qatar imposed by a number of Arab states with effect from 6 June 2017 has also impacted the operation of ships in the area due to the restrictions imposed. 

Demand

We forecast that the crude tanker market will end 2023 with cargo volume growth of between 0.5% and 1.5% but see tonne miles increase between 4.5% and 5.5%. Cargo volume growth is predicted to accelerate to between 2% and 3% in 2024 and moderate to between 1% and 2% in 2025. As sailing distances a... Please follow the link to continue reading.