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Oil | Shipping

From boom to bust: How long can tankers benefit from the floating storage craze?

Biofuels | Renewables | LNG | Natural Gas | Oil | Petrochemicals | Marine Fuels | Tankers | Crude Oil | Refined Products | Bunker Fuel | Gasoline | Jet Fuel

APPEC 2020

Oil

Platts Market Data – Oil

Oil | Crude Oil | Coronavirus | Energy Transition | Macroeconomics

37th Asia Pacific Petroleum (APPEC 2021)

Natural Gas | Oil | Crude Oil

UAE says OPEC adding 1.5 mil b/d in April hinges on vaccine rollout, demand recovery

Petrochemicals

US plastics recycling struggles to meet demand, highlighting investment gap

Listen: From boom to bust: How long can tankers benefit from the floating storage craze?

The recent floating storage boom drove tanker freight earnings to levels last seen during the Golden Tanker Era of 2004-2008, but how sustainable are VLCC time charter equivalent revenues in excess of $100,000/d? Tanker owners have now concluded their first-quarter earnings call season and were wondering how long the current boom would last.

Barbara Troner, Catherine Wood and Marieke Alsguth discuss what's been driving the Americas tanker markets into the second quarter, comparing shipowner hopes and concerns with current market reality.

Platts Live