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Maritime Research

Product Tanker Market Annual Review and Forecast 2015/16

Annual Review and Forecast

August 2015

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Product Tanker Market Annual Review and Forecast

Annual review and forecast

This report dissects the complex products seaborne trade to reveal – for the first time - the individual growth trajectories of its main components – naphtha, gasoline, jet fuel (kerosene), gasoil (diesel) and fuel oil.

 

It illustrates how the map of seaborne refined products movements has been radically redrawn in recent years to accommodate profound shifts in supply and demand for refined products.

 

The report present our detailed analysis on actual products-trading fleet, which has been determined using our latest two-step methodology for fleet classification - whereby the fleet is first classified according to technical vessel specifications (such as IMO class, type of tank coating, average tank size etc.) and then on the basis of the current trading status of each vessel (whether carrying refined products, chemicals or crude oil).

 

It establishes a prognosis and provides 5-year projections of key market indicators such as refined products supply, demand, balance, trade, and tonne-mile demand, tonnage supply and freight rates.


More Information

Fast facts

  • Comprehensive, annual sector report
  • Report tables, charts and grahps provided in flexible MS Excel format

News

Drewry publishes first low-sulphur BAF reference price

Drewry publishes first low-sulphur BAF reference price
As part of a series of initiatives aimed at bringing greater transparency to fuel costs resulting from the new IMO 2020 low-sulphur regulation, Drewry is pleased to announce the publication of its first low-sulphur reference bunker index tracker.

Ship operating costs rise on higher R&M and insurance spend

Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend, while costs are expected to continue rising at a similar pace in 2020, according to Drewry’s latest Ship Operating Costs Annual.

The time for higher BAF charges has come

With the enforcement date of the IMO 2020 low-sulphur regulation now only 6 weeks away, shippers and forwarders are starting to get their chequebooks out to help ocean carriers cover the additional cost of the cleaner, low-sulphur fuel.

ESC, Drewry announce an IMO 2020 BAF transparent indexing mechanism

Drewry and the European Shippers’ Council (ESC) have published a bunker adjustment factor indexing mechanism to help shippers monitor and control bunker charges in the run-up to and following the introduction of the IMO 2020 low-sulphur regulation.

Events

Optimised Ship Forum London 2019

Drewry’s Martin Dixon will share some of the latest insights and findings from our 2019/2020 Ship Operating Costs annual report.