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Nordea: Tank and bulk face two-year upturn

Tank and dry bulk can look forward to better days in 2014 and 2015, says Nordea in a new analysis of the shipping market. VLCC's in particular will experience major improvements.

Photo: Star Bulk

The rates in both tank and dry bulk look set to increase in the coming years, predicts Nordea in a new analysis of the conditions in the shipping industry. Especially the prospects for crude oil tankers stand to improve in 2014 and 2015, according to the analysis.

In 2014 the rates for the tanker segment in general will increase by an average 41 percent, while 2015 will bring a 70 percent increase, says the bank in an estimate that is primarily based on rising demand from, in particular, the United States and China, an adjustment in the amount of tonnage, and not least a low fleet growth going forward, says the bank. Especially the large crude oil tankers can look forward to better times, and the segment was almost able to carry the remarkable rate increase from the 4th quarter 2013 into 2014 as well:

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