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McQuilling casts doubts on product tanker rebound

The massive growth in oil product exports from the US Gulf has, since 2010, had negative consequences for the product tanker market, says McQuilling Services.

Photo: Rederiforeningen

The extraordinary rise in the export of refined oil products from the US Gulf following the United States' production of shale gas has commonly been seen as a growth generator for product tanker vessels. However, the fact of the matter is that global changes in the oil product trade have had a negative impact on the demand for product tankers since 2010, says American analysts McQuilling Services in a new brief.

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