ShippingWatch

Shipbroker: The major boom for tanker carriers is over

With the weakest earnings in 22 months, reduced demand, and declining ship values of almost 25 percent, the massive boom in the tanker market has come to an end, concludes broker agency Allied Shipping Research in a new analysis.

Photo: BW Shipping

The upswing in the international tanker market seems to have ended for the carriers, which have been sailing for the best rates in years, since the last months of 2014 and throughout 2015.

This is the assessment from shipbroker Allied Shipping Research in a new market analysis.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Shipping in a safe position despite shaky world economy

Container carriers are facing a couple of difficult years, but otherwise the shipping industry looks set to do well despite dark clouds over the world economy, according to shipping analyst. ”Right now, most companies are making a lot of money.”

Further reading

Related articles

Latest news

See all jobs