More Balancing Acts

August 20, 2021

Aframax & Suezmax ton-mile demand not so bad

In our Weekly Opinion of July 30th, titled “It is a Balancing Act” we looked at the VLCC ton-mile demand and fleet supply balance to understand the current market slump. As we discussed in that issue, VLCC ton-mile demand suffered from OPEC+ production cuts, which, combined with strong fleet growth caused the current rate malaise. This week, we will look at the smaller oil tanker markets.

To read the opinion, please fill out the form.

Visit Us On TwitterVisit Us On Linkedin