McQuilling: Tanker transport demand to slide ahead of 2020

Overall growth in demand for the transport of product oil and crude oil will decline towards 2020, writes McQuilling in a new analysis of the tanker market.
Photo: Euronav
Photo: Euronav
BY DANIEL LOGAN BERG-MUNCH

The market for oil product transport has stood alone as the only real bright spot in recent years amidst a shipping sector where most other segments, especially dry bulk and container, have been in the doldrums, struggling with sliding demand, massive overcapacity and all-time low rates.

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