November 2nd, 2018

Crude Tanker Market Outlook

Revised up

We had been optimistic for a dirty tanker market recovery to start by the fourth quarter of the year premised on an end to the de-stocking cycles and an end to OPEC’s production cuts. The recent surge has overshot our expectations. We expect the market to weaken in the middle of 2019, but beyond that we are more constructive on crude tankers than we were before.

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