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Tanker Shipping

Production cut by OPEC and allies unlikely to hurt crude tankers - Latest update


11 July 2019: Extended production cut by OPEC+ and dwindling Iranian exports threaten to negate seasonal firmness in tanker market. 

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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: 11 Jul 2019

Extended production cut by OPEC+ and dwindling Iranian exports threaten to negate seasonal firmness in tanker market
The oil market has been highly volatile in 2019 on account of uncertain supply. Although Drewry expects growth in non-OPEC oil supply to be higher than growth in global demand in 2019, US sanctions on Iran and Venezuela and OPEC’s market management have made oil prices very unstable.

30 May 2019: Shipowners that opted for scrubber installations may reap rewards
Ever since the date of implementation of the regulation on bunker fuel by the IMO was declared, shipowners have been evaluating the pros and cons of fitting scrubbers.

25 Mar 2019: Scrubber installation to ease supply pressure in crude tanker market
The deadline for implementing the IMO’s 2020 low-sulphur bunker fuel regulations is just three quarters away, and the shipping industry is still uncertain over the use of scrubbers.


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

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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.

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Crude Tanker Forecaster (Annual Subscription)

Crude Tanker Forecaster (Annual Subscription)


Quarterly In-depth Market Forecasts · Latest release 15 Aug 2019


A forward-looking and insightful market analysis and 5 year forecasts for the crude oil tanker shipping market. All quarterly report updates are accompanied by tables and charts in MS Excel format. This Forecaster annual subscription package now includes FREE Monthly Supplements.

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Product Tanker Forecaster (Annual Subscription)

Product Tanker Forecaster (Annual Subscription)


Quarterly In-depth Market Forecasts · Latest release 15 Aug 2019


A forward-looking and insightful market analysis and 5 year forecasts for the product tanker shipping market. All quarterly report updates are accompanied by tables and charts in MS Excel format. This Forecaster annual subscription package now includes FREE Monthly Supplements.

Learn more

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