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Tanker rates still weighed down by the pandemic and low demand

The demand for oil is low as a result of the Covid-19 crisis, and so are the freight rates for oil tankers. This spring, rates were up to four times lower than in the first five months of 2020, according to an analysis from Bimco. IEA expects demand to normalize in 2023.

Container surpasses tanker in scrubber installations

Tanker has long been the sector in which most vessels have already or are slated to be equipped with a scrubber. But the container segment overtook the tanker segment on that score in early July, shows new analysis.

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