Blog Archive - 10/2016

Which way is the crude oil tanker market heading?

Which way is the crude oil tanker market heading?
Imy Clarke - On behalf of Alchemy Recruitment, October 31, 2016

Entering 2016, the crude oil tanker market gave a strong performance. Throughout 2015 it gained significant momentum due to lower oil prices which drove demand, with time charter equivalent (TCE) rates reaching their highest level since the start of the 2008 financial crisis. Yet this also placed the market into a vulnerable position; any decline in demand could mean a large amount of instability, and a huge drop in rates. 

View Article
Categories: Cargo, Costs and Expenses