The Roaring 00’s

As a painful year draws to a close, it is worth remembering that the end of 2009 also caps off what is likely to be remembered as one of the strongest decades in the history of the tanker market. For much of the past ten years, industry participants have seen the visibility of tankers rise as demand growth in developing markets sent them to ever-more distant shores.  As had been the case in decades before, swelling volumes on long-haul routes, the development of new sources of supply and generally shifting trade patterns rewarded those who remained flexible most handsomely. Though it may offer little comfort amidst current market conditions, the messy end to the 2000s may, in fact, set the stage for the next 10 years of growth potential. Download here