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November 15, 2019
Tankers The tanker market fell last week, and we saw a decrease of approximately (+/-) 25% in all major tankers. The market was driven by a temporary high supply of available tonnage that gave charterers the opportunity to push the price down. We note that a significant number of ships were shut down at the...
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Tankers The tanker rates fell a little further last week. This is mainly because there has been less activity in the Baltic Sea and the Black Sea. We can certainly say that the market is taking a little breather, but for the future, we expect that rates will eventually experience a steady increase when we...
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