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Tanker Shipping

Excessive ordering to hurt long-term prospects of VLCCs


27 Nov 25: The VLCC market is enjoying a strong upswing, with spot earnings consistently exceeding $100,000pd as rising OPEC supply has boosted vessel demand in the Arabian Gulf.

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Latest opinion: 09 Jan 2026

The US military’s ouster of Venezuelan President Nicolás Maduro could significantly redraw global crude flows, and although the ultimate direction of Venezuelan oil exports remains highly uncertain, any shifts in these flows will materially influence crude tanker demand.
 
The Dangote refinery’s expansion to 1.4 mbpd by 2028, doubling its current output, is expected to reshape regional trade dynamics in the Atlantic basin.
 
A likely tightening of palm oil supply driven by Indonesia’s higher biodiesel mandate is expected to support continued growth in longhaul soybean oil shipments from the Americas to Asia in 2026.
 
The IMO’s efforts to develop mid-term measures through the ‘Net-zero Framework’ did not proceed as anticipated. A majority vote in favour of a “one-year delay” for deciding whether or not to adopt the framework is being viewed by many as something that can undermine the framework altogether.
 

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.

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Rajesh Verma

Rajesh Verma

Key Contacts

Rajesh Verma

Rajesh Verma

Latest Updates

Venezuelan crude redirection to the US: A net positive for Crude tankers

Venezuelan crude redirection to the US: A net positive for Crude tankers


Expansion of Dangote’s refinery capacity to reshape Atlantic basin flows

Expansion of Dangote’s refinery capacity to reshape Atlantic basin flows


Growth of longhaul vegoil trade at risk amid looming US–India trade deal

Growth of longhaul vegoil trade at risk amid looming US–India trade deal

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Advisory services in tanker shipping

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Physical inspection and valuation of Suezmax tanker


Technical and market due diligence of Suezmax tankers

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Product Tanker Forecaster (Annual Subscription)


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