Infographic: Inside the world of floating storage and the volatile tanker markets

Tanker freight rates have whipsawed from record-highs to record-lows, triggered by the dramatic events on the oil market. As the rebalancing of oil gathers pace, there remains large amounts of oil especially crude and condensate stored on tankers.

As floating storage barrels start unwinding in the coming months, spot freight rates will continue experiencing increasing pressure in an already weak market acutely affected by production cuts.

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