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Tanker shipping tonne-mile demand down 5% in 2020

Feb 08, 2021

Tonne-mile demand for crude oil tankers has fallen by 5% in 2020 compared to 2019, largely in line with the decline in global oil demand due to the coronavirus (Covid-19) pandemic, according to a recent report by analyst Poten & Partners.

Tanker shipping outlook looks promising up till 2025

Feb 04, 2021

The medium-term outlook for tanker shipping until 2025 looks promising with a more balanced demand-supply equation, support for demand activity and better earnings, according to a latest report by McQuilling Services.

US restrictions on Canada’s oil pipeline may benefit tanker shipping

Jan 25, 2021

Recent US moves to restrict pipeline imports of Canada’s crude oil may benefit the tanker shipping market, as the Canadian crude will be finding other outlets via sea transportation to Asia or the US Gulf, according to Poten & Partners.

Crude oil shipments boost Port of Corpus Christi to 2020 tonnage record

Jan 22, 2021

The Port of Corpus Christi ended 2020 with record tonnage, mainly due to a 65% increase in crude oil shipments from the previous year.

Monjasa deploys crude tanker as floating storage off West Africa

Dec 23, 2020

Global oil and shipping group Monjasa has deployed the 119,456-dwt crude oil tanker SKS Dokka as a new floating storage for its...

China’s dominance in tanker shipping will continue post-Covid-19

Dec 07, 2020

China is forecast to exert a growing impact on the tanker shipping market as many oil producers worldwide have become highly...

Tanker shipping faces ‘profound impact’ from changes in oil demand

Nov 10, 2020

The tanker shipping market, an industry that utilises assets with a 20-year lifespan, is facing a “profound impact” from...

Dearth of new orders underpins recovery in tanker shipping

Oct 22, 2020

The lack of tanker newbuilding orders, coupled with reduced freight and asset values over the past few months, are current developments that would lead to a more positive market in 2021 and beyond, according to a panel of industry players at the...

Near-term US-China VLCC trades to spike, but uncertainties remain ahead

Sep 07, 2020

The VLCC market can look to an expected improvement in US Gulf exports to China over the coming weeks, though uncertainties will kick in by early-November, according to analyst Poten & Partners.

US stepping up sanctions on oil shipping

Aug 14, 2020

Reports have been emerging that the US has seized four product tankers said to be bringing Iranian gasoline to Venezuela.

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