ShippingWatch

Drewry downplays budding optimism for tanker segment

Several indicators point to the tanker segment as the one that could exit the shipping crisis first. This is due to recent rate jumps in the spot market, among other things.

The prospects for tank ships are looking bright these days compared to other segments. Most recently, the big American bank Morgan Stanley announced a few days ago that the market for the transport of oil products is improving rapidly, and that charter rates could experience a surge. This optimism is based on the high use of capacity at the refineries along with the strong export of refined products from the Mexican Gulf, which will increase the demand for tank ships.

The world economy

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