Suezmaxes: Around The World In More Than 80 Days

Trade growth where it may be least expected. The staggering decline in crude oil trade volumes between West Africa and the United States has led many to cursorily dismiss the Suezmax sector on the whole. Diminished light‐sweet crude oil import requirements by the United States, and little reason to believe in their near‐term return, has rightfully called the relevance of Bonny ‐ Philadelphia as the benchmark trade into question. Afterall, without its beloved TD5, what is a Suezmax to do? With few noteworthy developments elsewhere in the market, it is a time for pause: where have all the Suezmaxes gone?  Download here