In recent times, western nations led by the US, have escalated efforts to enforce trade restrictions and sanctions on Russia, primarily targeting the latter’s crude oil trade. These sanctions are aimed at reducing Russia’s income from oil sales.
In the midst of the third month of escalating conflict in Yemen, there has been a significant redirection of tanker vessels, causing global trade and transport repercussions. The geopolitical tensions and conflict in the region have heightened concerns about maritime security.
Shipping rates are likely to soften as production cuts deepen in an already weakened demand, signalling further turmoil in the tanker market.
From product tankers to VLCCs we have the market covered
Our tanker shipping practice is highly respected in the industry and is regularly followed and referenced in both industry and mainstream media. The team is responsible for maintaining extensive information resources and conducting weekly, monthly and annual analysis on the sector and assessing the impact of macroeconomic as well as regulatory and environmental change on the sector.
In addition to detailed market analysis and rigorous forecasting, we offer market leading analysis of crude oil, products and chemical shipping markets, covering all the principle vessel categories, as well as appraisals of shipping finances, including pricing, operating costs, vessel values and investment returns. We challenge conventional wisdom through our deep understanding of the trade dynamics driving demand for different vessel types in all corners of the world.
Our consultants typically provide charterers in industrial and utility sectors with seafreight procurement advice, shipowners with market entry strategies and commercial and operational due diligence for investors and lenders. Meanwhile, our team of financial research specialists provides actionable insight on the leading tanker shipowners.
An elite and diverse group of industry stakeholders from shipowners, to charterers, port authorities, investors and financial intermediaries rely on our range of weekly, monthly and annual market research, sector expertise and commercial experience to help inform decisions, reduce costs and drive performance improvement.