Tanker

Demand for oil is outpacing fleet growth as tanker upturn continues

There are signs that the high earnings in the tanker market in recent years will continue, although without major rate hikes in 2025, according to Braemer.
"Oil demand is expected to grow fastest in Asia Pacific (up 4.7% over the next two years according to the IEA) whereas supply growth will be focused on far flung wells in the US, Guyana, Brazil and Canada," writes Braemar. | Photo: Tim Chong/Reuters/Ritzau Scanpix
"Oil demand is expected to grow fastest in Asia Pacific (up 4.7% over the next two years according to the IEA) whereas supply growth will be focused on far flung wells in the US, Guyana, Brazil and Canada," writes Braemar. | Photo: Tim Chong/Reuters/Ritzau Scanpix
by DAG HOLMSTAD

The long-running boom in the tanker market looks set to continue as the world’s appetite for crude oil and refined products continues to grow, Braemer concludes in a new analysis of the tanker market, ”The Big Picture: Tankers in 2025.”

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