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Supertanker Earnings Go from Boom to Bust as Demand Wavers

By Alex Longley (Bloomberg) –Just six months ago, oil supertankers experienced a windfall as the pandemic slashed demand for crude and traders raced to book vessels to store the resulting glut. Now that season of good fortune for those ships has all but vanished. The tankers, which can haul 2 million barrels of oil across […]

WP_Post Object ( [ID] => 230543 [post_author] => 21 [post_date] => 2020-09-08 15:36:51 [post_date_gmt] => 2020-09-08 15:36:51 [post_content] => oil tankerBy Alex Longley (Bloomberg) –Just six months ago, oil supertankers experienced a windfall as the pandemic slashed demand for crude and traders raced to book vessels to store the resulting glut. Now that season of good fortune for those ships has all but vanished. The tankers, which can haul 2 million barrels of oil across […] [post_title] => Supertanker Earnings Go from Boom to Bust as Demand Wavers [post_excerpt] => By Alex Longley (Bloomberg) –Just six months ago, oil supertankers experienced a windfall as the pandemic slashed demand for crude and traders raced to book vessels to store the resulting glut. Now that season of good fortune for those ships has ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => supertanker-earnings-go-from-boom-to-bust-as-demand-wavers [to_ping] => [pinged] => [post_modified] => 2020-09-08 15:36:51 [post_modified_gmt] => 2020-09-08 15:36:51 [post_content_filtered] => [post_parent] => 0 [guid] => https://gcaptain.com/?p=142252 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )