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Tanker Shipping

Historic disruption to Saudi oil supply to have severe implications for oil and tanker markets - Latest update


Sept 2019: Global spare production capacity is not enough to compensate for the decline in Saudi Arabia’s oil production after the recent attacks. 

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Rajesh Verma

Rajesh Verma

Lead Analyst, Tanker Shipping
Hu Qing

Hu Qing

Lead Analyst, Drewry Maritime Research

Tanker shipping



Latest opinion: 25 Nov 2019

A gloomy long-term outlook for product tanker market
At the time when the product tanker market is gearing for a rise in freight rates after the implementation of the IMO 2020 regulation, the recently published IEA’s World Energy Outlook 2019 portrays a grim picture for product tankers after 2025.

31 Oct 2019: EU ban on palm-based biodiesel to negatively impact Europe-Asia vegoil trade
The EU’s demand for palm-based biodiesel is expected to decrease in the long term due to the region’s ban on the use of palm oil in biofuels.

17 Sep 2019: Historic disruption to Saudi oil supply to have severe implications for oil and tanker markets
Global spare production capacity is not enough to compensate for the decline in Saudi Arabia’s oil production after the recent attacks on two of the country’s oil facilities and the consequent inventory drawdown will therefore underpin oil prices and adversely affect tanker demand if supplies take longer to be restored.


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.

Key Contacts

Rajesh Verma

Rajesh Verma

Lead Analyst, Tanker Shipping
Hu Qing

Hu Qing

Lead Analyst, Drewry Maritime Research

Key Contacts

Rajesh Verma

Rajesh Verma

Lead Analyst, Tanker Shipping
Hu Qing

Hu Qing

Lead Analyst, Drewry Maritime Research

Related News

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.

Manning costs to rise below inflation on easing officer supply shortfall

Manning costs have risen moderately over the past 12 months, checked by easing officer supply shortage, and are forecast to rise at a similar pace over the next five years, according to Drewry’s latest Manning Annual Review and Forecast.

Recent Projects

Product tanker market outlook

The client needed to undertake a business assessment and strategy planning exercise for its product tanker unit.

Indonesian International and Domestic Shipping: Port and Logistics Market Study

To assist with identifying potential investment areas, Drewry was engaged to conduct a market study of various sectors (including tankers and liquid bulk ports); areas of analysis including market size and dynamics, key players, profitability and growth prospects.

Advisory Expertise

Advisory services in tanker shipping

Advisory services in tanker shipping

We offer specialist advisory services to support your operational, planning, strategic and investment needs. As well as operational and technical due diligence services we also conduct bespoke market analysis, financial modelling and feasibility studies to support the commercial and strategic objectives of owners and operators, government agencies, lenders and investors with interests in the sector.

Case Studies

Physical inspection and valuation of Suezmax tanker

Drewry was appointed to undertake a physical inspection and valuation of an 8-year old Suezmax crude tanker that had been arrested at anchor for 2 years to facilitate its court-sanctioned sale.

Technical and market due diligence of Suezmax tankers

Drewry conducted an independent technical and market due diligence study for financing two under-construction Suezmax tankers.

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