• 2019 January 29

    Tanker breakthrough

    For most of 2018, global tanker market was demonstrating low freight rates with a steady recovery seen in the fourth quarter. Analysts expect the market to show an upward trend for the coming two years driven by a steady demand for crude oil and oil products, oil production growth in the USA, favourable fleet balance and IMO regulations. Russia’s Arctic projects also contribute to the growth of the demand for tanker transportation with a priority given to ships of domestic origin.