The End Of A Decade

20 Dec 2019: The Last Decade Has Been Nothing Like the Previous One

We are approaching the end of the second decade of the 21st century and we want to use this Tanker Opinion to reflect on the previous two decades to see what changed and what stayed the same. The period 2010-2019 has seen a very different tanker market than the previous decade of 2000-2009. Oil demand and supply, as well as tradeflows changed dramatically. Tanker supply developments were also quite different. The regulatory environment, ship finance, and (geo)politics, all changed.

Let’s take a trip down memory lane to highlight some of the key development in each decade.

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