Covid-19 Infects the Tanker Market

January 8, 2021

Top Reported Dirty Spot Charterers for 2020*

For many people, it will be a relief to put 2020 in the rear-view mirror.  It was a year like no other, with many extraordinary events, some highs, but mostly lows.  Some of these events reinforced the rankings, while others changed them.  Because China was less impacted by Covid-19 than Europe and the Americas, Unipec strengthened its position on top of the leader board (despite a lower fixture count).  In 2020, they controlled 18% of total dirty spot cargoes, versus 17% in 2019.   Overall, spot market activity was down 16% due to Covid-19.

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