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.