Research Reports

The escalation in the Middle East - and resultant closure of the Strait of Hormuz - have upended East of Suez crude and product tanker markets once again...

Crude tanker markets saw VLCC rates firm in the West amid tightening tonnage, yet geopolitical tensions from the AG and Iran could increase supply pressure, impacting demand and rates across the sector.

The strength of freight markets varied more based on geography than on sizeband this week, with the AG generally lacklustre and particular success seen in Europe.

Crude tankers saw more joy than product tankers did this week, but results were mixed for most sizebands, partly because of AG inactivity.

This week was a successful one for crude tankers, but product tankers were less fortunate.

For tankers, it was a week of mixed results, with VLCCs and European MRs seeing particular success near the end of the week.

There was increased activity and improved sentiment across multiple tanker segments as the week went on.

This week was disappointing for tankers almost across the board, and sentiment remains soft.

Despite some limited success, especially in the clean Western markets, this week was broadly disappointing for tankers.

Despite some positive signs, it was a generally lacklustre week for the tanker markets, and there is little room for optimism.

VLCC rates firmed in the Atlantic, hitting USD 17 Mn despite geopolitical tensions, while Suezmax rates steady in WAFR; however, the East remains challenged with limited activity and bearish sentiment prevailing.

It was an unlucky week for most tanker segments, and sentiment is generally flat or worse, with TD6 proving a notable exception.