Tanker

Tanker vessels below break-even as pandemic drags on

The tanker market remains way off a much-needed recovery, as the Covid-19 pandemic continues to trigger lockdowns and low demand for crude oil and oil products globally, writes Bimco in an update.
Photo: euronav
Photo: euronav
by DANIEL LOGAN

Weak demand for oil and oil products, fuel in particular, continues to present a major challenge for tanker carriers, which are currently sailing at rates below break-even, writes Bimco in an update.

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