Tanker

Tanker market is on the rise after bottoming out – earnings to turn black in 2022

Even though the demand for crude oil and refined products is still low, the vessel values are rising on the tanker market, which is moving up after bottoming out. Figures will turn black in the second half of 2022, says Drewry.
Photo: PR / Euronav
Photo: PR / Euronav
by DAG HOLMSTAD

This first half year has proven dreary for the tanker market, with losses posted by most major carriers, but now the market has bottomed out, and the market is moving in the right direction, according to an analysis by analyst firm Drewry.

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