This study covers the outlook for the tanker market over the next five years. The findings are based on the forecast balance between future tanker supply and demand, following the detailed analysis of fleet prospects, world crude production and crude and products trade. The report discusses in detail market developments in all tanker segments above 25,000 dead-weight and conclusions are made on the future direction of freight rates up to 2022.
Tanker trading conditions deteriorated in the 2nd half of 2016, most notably in the product tanker market, where spot earnings across all clean tanker categories frequently declined to or even below the level of fixed operating expenses. Crude tanker earnings also moved to lower levels; however, on an annual average basis, TCE returns still remained generally healthy in 2016, well above the lows witnessed in 2009/2013.
The progressive weakness in the tanker market was primarily underpinned by accelerating fleet growth. Demolition activity remained restricted, while the pace of tanker deliveries increased, following robust tanker ordering activity between 2013 and 2015.
Please note that this report comes with a complimentary year-long subscription to the publisher's Weekly Tanker Market report, which will provide a weekly summary of activity in the crude and product tanker markets, a summary of freight rates and a topical cover story highlighting key developments/trends in the crude and/or product tanker market. This report is published weekly on a Friday and emailed to the client directly.
Key Topics Covered:
2. Executive Summary
3. Recent Market Developments
4. New Tanker Orders And Deliveries
5. Tanker Scrapping
6. Tanker Supply
7. Crude Tanker Demand
8. Crude Tanker Spot Rates And Earnings Outlook To 2022
9. Product Tanker Demand
10. Product Tanker Spot Earnings And Rates Outlook To 2022
11. The Time Charter Market
12. Newbuilding And Second-Hand Prices
For more information about this report visit https://www.researchandmarkets.com/research/v4jkcj/gibson_long_term