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Tankers and Gas Shipbuilding Political Risk and Trade

Oil production cut not expected to derail tanker boom

The volume cuts totalling nearly 1.2m barrels per day will likely hit crude tanker demand and drag VLCC daily rates down to below $50,000

  • Analysis

Long-term fundamentals remain firm given the absence of a severe global recession. Current VLCC time charter rates are said to be not sufficient to spur owner’s ordering appetite

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Tankers and Gas Shipbuilding Political Risk and Trade
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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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