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Did the tanker recovery finally begin in late 2018?

Are the surging tanker markets in recent weeks the de facto proof that the optimists were right and that the much-anticipated recovery emerged in 2018? Yes, says Scorpio Tankers, while major competitor Maersk Tankers says: No.

Photo: Maersk Tankers

After months of waiting, the product tanker recovery – which the market had been hoping for and expecting – emerged. The recovery continues and will only intensify in the months to come, say the optimists when looking at how the product tanker rates have experienced a remarkable surge in recent weeks.

The optimists include Scorpio Tankers.

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