SeaNews: Brexit May Sever Tankers Well, But Uncertainty Will Dog Other Trades

07 July 2016: “BREXIT could have a positive impact on the tanker market in terms of movement of oil products between the UK and EU countries, say Poten & Partners shipbrokers, reports London’s Tanker Operator. “Given the short-haul nature of the UK/EU crude oil and product trades, any changes in trade-flows as a result of Brexit could be positive for tonne/mile demand particularly for product carriers, said the New York broker. “The short-term economic and political impact as a result of the heightened uncertainty and the long-term implications will only become clear when new trade agreements are being negotiated, which could take several years, Poten & Partners said.”