We forecast that crude and product tanker supply will grow in line with fleet growth during both 2024 and 2025. Crude tanker supply is therefore estimated to grow by 0-1% in 2024 and 0.5-1.5% in 2025. Product tanker supply is predicted to grow 1.5-2.0% in 2024 and 4-5% in 2025. The crude tanker fle... Please follow the link to continue reading.
Despite weaker cargo volumes during the first half for both the crude and product tanker markets, we forecast a recovery during the second half and that both markets on average will see a stronger 2024 than 2023. Muted fleet and supply growth in both markets during 2024 is a key enabler for the re... Please follow the link to continue reading.
We expect the supply/demand balance to strengthen in 2024 but weaken in 2025. Supply is estimated to grow by 3-4% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow by 4.5-5.5% in 2024 and weaken by 1-2% in 2025. Freight rates are expected to stay strong during the rest of 2024, but de... Please follow the link to continue reading.
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After the killing of General Qassem Soleimani by a US drone in early January 2020, and the following retaliation by Iran, BIMCO is publishing its view of the escalated tension in the Persian Gulf, as well as advice regarding the new sanctions clauses, and encourages owners, operators and charterers ... Please follow the link to continue reading.
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This is the latest in a series of reports supplied by the Chamber of Shipping of America (CSA) with the intention of keeping BIMCO members appraised of legislative developments in the US affecting international shipping. BIMCO highlights only the relevant developments that would impact members. The ... Please follow the link to continue reading.
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