Product tankers, generally much smaller, are designed to move refined products from refineries to points near consuming markets. For example, moving gasoline from refineries in Europe to consumer markets in Nigeria and other West African nations. Oil tankers are often classified by their size as well as their occupation.

4 Feb 2019 The future outlook of the product tanker market will be determined by to the shortening of available tonnage and the fall of crude oil prices. Recent developments and the main future scenarios for the tanker market The crude oil production cuts create a similar uncertainty also with the imports for  29 Sep 2014 LONDON, Sept 29 (Reuters) – Rates in the long-range tanker market for transporting oil products softened on Monday as lighter bookings took  The tanker market is fraught with increasing anxiety and uncertainty after two oil facilities were attacked by drones in Saudi Arabia, fanning the flames of existing tensions. "Not good," Kim Ullman, CEO at Concordia Maritime, tells ShippingWatch. Why Oil Tanker Stocks Are the Hottest Spot in Energy Today If high rates last in the tanker market, they will eventually flow through to tanker owners' bottom line. But there's one big reason Aside from the positive spillover effects from the crude market, the product tanker market was bolstered by seasonally stronger demand due to increased heating oil consumption, while adverse The continued severity of the market conditions has made owners dig deep into the oversupply of capacity. BIMCO now expects 19m DWT of crude oil tanker capacity to be demolished – up from 13m DWT in May – and 2.5m DWT of oil product tanker capacity is to leave the fleet, up from 1.5m DWT in May.

The continued severity of the market conditions has made owners dig deep into the oversupply of capacity. BIMCO now expects 19m DWT of crude oil tanker capacity to be demolished – up from 13m DWT in May – and 2.5m DWT of oil product tanker capacity is to leave the fleet, up from 1.5m DWT in May.

Aside from the positive spillover effects from the crude market, the product tanker market was bolstered by seasonally stronger demand due to increased heating oil consumption, while adverse Oil Storage Market expected to reach $4,306 million, growing at a CAGR of 4.4%. Asia-Pacific is expected to witness the highest growth rate from 2017 to 2023. Loading Based on product type, the chemical tankers market has been classified into organic chemicals, inorganic chemicals, and vegetable oils & fats. The vegetable oils & fats segment of the chemical tankers market is projected to grow at the highest CAGR, in terms of both, value and volume during the forecast period. A crude tanker is a an oil tanker built specifically for transporting crude oil (as opposed to refined oil). The firm that owns the crude tanker leases the ship under a complicated contract to oil marketers, oil refiners, chemical companies, or other users like contractors representing governments,

23 Dec 2019 Product tanker trade was negatively impacted by the extended seasonal the oil markets were shaken by a major attack on oil infrastructure in 

20 Dec 2019 The conversation covered overall product tanker markets, Suezmax you know, sort of took the lead of the crude oil market a month ago or so. 26 Nov 2019 The long term outlook for the product tanker market appears grim with expectations of lethargic growth in oil demand made worse by refinery  Crude tanker market outlook; Product tanker market outlook; Projections of earnings and asset values; Vessel valuation (Charter free, Charter attached) 

26 Nov 2019 The long term outlook for the product tanker market appears grim with expectations of lethargic growth in oil demand made worse by refinery 

25 Mar 2019 Reminder - Product Tanker, Crude Oil Tanker, LNG, LPG and Chemical and outlook of the global energy, commodities and shipping markets. PRODUCT 10 - 25 Oil and Tanker Market Analysis - Free download as PDF File (.pdf), Text with updated fleet figures on vessels for crude oil and oil products Posts about tanker market written by clarksonsresearch. Venezuelan oil production declined over the last decade owing to complex geology and a difficult  Market conditions in the tanker market, however, were favourable. The crude oil and product tanker markets enjoyed strong freight rates throughout 2015, mainly   27 Oct 2016 In recent years, growing global oil production and growth in global refining capacity in markets distant from crude sources led to an increase in  [157 Pages Report] Chemical Tankers Market by Product Type (Organic Chemicals, Inorganic Chemicals, Vegetable Oils & Fats), Fleet Type (IMO 1, IMO 2, IMO 

The global chemical tanker shipping market size was valued at USD 2,072.6 billion in 2016. High concentration of chemical production and increasing demand across the globe is mostly responsible for the market growth. Shale gas evolution is one of the significant factors positively influencing the market growth.

Recent developments and the main future scenarios for the tanker market The crude oil production cuts create a similar uncertainty also with the imports for  29 Sep 2014 LONDON, Sept 29 (Reuters) – Rates in the long-range tanker market for transporting oil products softened on Monday as lighter bookings took 

13 Feb 2020 Coronavirus-hit China leads crude and product tanker demand lower. Oil demand growth in China will slow to the lowest in 11 years, according to an International Energy Coronavirus: Tanker markets feeling the impact.