IHS Maritime 360: Tankers Defy Newbuildings Order Plunge

06 May 2015: “Poten & Partners said in a recent note that the largest boost for Suezmax employment has been the growth in liftings from the Gulf. There were about 600 reported Suezmax fixtures from the Gulf in 2014, compared to 333 reported fixtures in 2012 and 215 in 2010. Another bright spot for Suezmaxes has been the growth in long-haul fuel oil movements from the Atlantic to the Pacific. Poten & Partners concluded, ‘Barring a collapse in worldwide oil demand, Suezmax employment should remain fairly healthy in the coming years.'”