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Tanker Owner Expects Market to Recover from Multi-Decade Lows

The tanker market should have “enough in its tank” to recover from its multi-decade lows, thanks to low tonnage supply and an expected increase in oil demand moving forward. In a recent note, ship owner Teekay Tanker said that “in the fourth quarter of 2021, crude tanker spot rates moderately increased compared to the prior ...

The post Tanker Owner Expects Market to Recover from Multi-Decade Lows first appeared on Hellenic Shipping News Worldwide.

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The tanker market should have “enough in its tank” to recover from its multi-decade lows, thanks to low tonnage supply and an expected increase in oil demand moving forward. In a recent note, ship owner Teekay Tanker said that “in the fourth quarter of 2021, crude tanker spot rates moderately increased compared to the prior ...

The post Tanker Owner Expects Market to Recover from Multi-Decade Lows first appeared on Hellenic Shipping News Worldwide. [post_title] => Tanker Owner Expects Market to Recover from Multi-Decade Lows [post_excerpt] => The tanker market should have “enough in its tank” to recover from its multi-decade lows, thanks to low tonnage supply and an expected increase in oil demand moving forward. In a recent note, ship owner Teekay Tanker said that “in the fourth quarter of... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => tanker-owner-expects-market-to-recover-from-multi-decade-lows [to_ping] => [pinged] => [post_modified] => 2022-02-28 22:00:59 [post_modified_gmt] => 2022-02-28 22:00:59 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=913897 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )