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Delta variant brings uncertainty to prospects of tanker upturn

The quickly spreading Delta variant may postpone the prospects of an improved tanker market, analysts tell ShippingWatch, while pointing to the carriers they believe will manage best during the downturn.

Photo: PR / Hafnia

While carriers in the container and dry bulk segments have been booking record results and large profits, the scenario has been quite the opposite for the tanker market.

Low demand coupled with overcapacity have generated historically low freight rates, and there is no prospect of an improvement in coming months, with the Delta variant giving rise to renewed concerns, analysts tell ShippingWatch.

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