Oil tankers going through a tough time
VLCC revenues have fallen to an all-time low. Cosco E. Transportation expects profits to fall
The bottom of the barrel
Oil demand shrinking in the first quarter of 2021. The Very Large Crude Carrier market is short of breath
Product tankers, in uncertain waters
The market for tankers transporting refined petroleum products has been highly volatile during 2020
There’s plenty of oil still at sea
233.4 million barrels of crude oil are on board 191 tankers. However, the storage race could soon be over
Traps out there on the high seas
For Elbana di Navigazione’s Fabrizio Freschi, the crisis has hit hard: "The Government has to start investing again".
Where shall I put all this oil?
While OPEC+ agrees new production cuts, low-cost crude oil encourages new speculation