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Platou: 2014 will be the year of crude tankers

Where both product tank and dry bulk experienced increasing strength in 2013, 2014 will be the year of crude oil tankers, says Platou in a new quarterly analysis.

The tanker market went through a much-needed improvement in the second half of 2013, and the coming year will bring a rebound for the crude oil tankers, according to analysts Platou in a new quarterly analysis of the shipping market.

"Whereas 2013 saw burgeoning strength in product tankers and dry bulk, we believe 2014 will be the year of crude tankers. A possible end to the US crude export ban could mean demand surprises to the upside," says Platou, referring to the 40-year-old ban.

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