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Asia Pacific International Tankers and Gas

Coronavirus: Tanker markets feeling the impact

Crude tanker floating storage may increase with a rising contango market in crude futures, while reduced shipyard capacity appears to be a double-edged sword, according to shipbroker reports

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While the freeing of the previously sanctioned Cosco Shipping tankers has contributed to the decline in rates, the spreading virus is taking a big toll on oil demand

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Asia Pacific International Tankers and Gas
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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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