Shrinking compliant tanker fleet

Market strengthens as sanctions take effect We’re now seeing the positive effects of a market dynamic we’ve been observing for some time: the shrinking pool of compliant tankers. As sanctions continue to divide the global fleet into two categories – compliant and non-compliant (which includes both shadow and sanctioned vessels) – the number of ships […]

Market Snapshot: Tankers stay firm

Demand for Canadian crude oil driving transatlantic trade The tanker market remains strong this week, with rates ticking higher – driven primarily by gains in the Aframax segment. This strength is linked to increased demand for Canadian crude heading east to Europe, as Aframaxes take on a growing share of these transatlantic and regional trades (Read […]