Tanker shipping

Iranian exports to hit record lows amid US sanctions on Chinese companies and the global outbreak of COVID-19
On 18 March 2020, the US imposed sanctions on seven entities (including Chinese trading and shipping companies) for knowingly engaging in a significant transaction for the purchase, acquisition, sale, transport, and marketing of petrochemical products from Iran.

30 Apr 2020: ‘The Great Indian Lockdown’ pushes suppliers to cut production and shut plants
India imposed the nationwide lockdown on 24 March 2020 and extended it to 3 May 2020 to stem the spread of coronavirus (COVID-19) in the country. The country is also considering a 15% COVID-19 tax from 1 May 2020 to 31 March 2021 on imports of some chemicals (list is unclear) to protect its domestic industry which is suffering from slowdown in economic activity.

15 Apr 2020: Tanker rates will hit the roof if producers outside OPEC+ fail to curb output in 2Q20
The recent cut in oil production by OPEC and its non-OPEC allies (OPEC+) is insufficient to balance the oil market, considering a sharp decline of 23 mbpd in demand in 2Q20 because of the COVID-19 outbreak.

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.