August 14, 2020
How the pandemic changed Aframax flows and volumes
Last, but not least, in our series about the impact of Covid-19 on crude oil tradeflows, we will address the Aframax market. Unlike the VLCC and Suezmax tankers that we discussed in previous weeks, Aframaxes are predominantly employed in short-haul, regional trades. Global Aframaxes trades in the first six months of 2020 were down by an average of 26 voyages per month (3%) compared to the same period of 2019.
However, similar to the other segments, the decline was not universal; some trades showed increased volumes, while others were down significantly. Let’s explore some of the differences to see if we can explain what is going on.
To read the full article, please fill out the form.