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International Tankers and Gas VLCC

Spread of coronavirus threatens tanker market

Tanker markets have been hit by the coronavirus outbreak, warmer winter temperatures and weaker than expected oil demand growth in the beginning of the year. Analysts are scaling back oil demand estimates rapidly in response to the virus, spurred by an increasing number of flight cancellations

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Full-year global demand growth for dirty tankers could be affected by about 0.5% in its scenario, Braemar ACM said

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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