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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: 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.

16 Sep 2019: A trade-war punch to chemical shipping
The escalating US-China trade war, if not settled in October as per the planned meeting between authorities of the two countries, will impact not only the Transpacific trade route, but also other major trade routes as China is the main demand driver.

28 Aug 2019: IMO’s Ballast Water Management Convention to rekindle tonnage scrapping in crude tankers
The IMO’s Ballast Water Management Convention (BWMC) is likely to rekindle scrapping activity in the crude tanker market in the remainder of 2019, although the real impact of the regulation will be seen only after the implementation of the IMO 2020 regulation on sulphur cap.


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

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.

Ship operating costs reach inflection point as inflation returns

Average vessel operating costs rose modestly for the second year in succession following two years of marked declines, according to Drewry’s latest Ship Operating Costs 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.

Aframax and Suezmax tanker market study

Drewry was engaged to provide an analysis of the market fundamentals, characteristics and business viability, especially in the Aframax and Suezmax tanker segments.

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.

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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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