It has been a particularly disappointing few months for the tanker market. Not since 2012 has the crude tanker market performed so poorly over the winter, with almost none of the seasonal upswing we are used to seeing. TD3 averaged a paltry $22k/day in Q4 and so far this year has been even lower. Other sectors fared little better. Is this a sign of things to come for the rest of 2018?
Vessel tracking is only as good as the AIS data that underpins it. But over the past three years it has regularly turned up interesting trends in how the tanker fleet is trading. Now that full AIS data is in for 2017, we explore which load regions have been working hardest to feed the different sizes of tankers, and which have left them out in the cold.