Tanker Midterms – 2024 Edition
June 28th 2024: Top Reported Dirty Spot Charterers for 1H 2024*
The oil tanker markets are still largely driven by the Russian invasion of Ukraine and related sanctions and by the Red Sea crisis caused by Houthi attacks on ships travelling near the Red Sea. Fixtures related to Russian trades are usually not reported in the market but represent substantial volumes. Not unexpected, Unipec remains by far the largest charterer, even though the Chinese economy and oil demand growth is still below the trend of previous years. We recorded 8.7% less volume for Unipec spot fixtures while the total number of reported fixtures increased by 3.5% compared to the first half of 2023.
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