Where Have All The Good Times Gone?

26 Aug 2016: Several years ago, the main market for Suezmax tankers was the West Africa to North America trade. When this market dried up in the period from 2012 to 2014/15, it looked like the Suezmax fleet was in for hard times. However, Suezmax tankers managed to find new markets and 2015 emerged as the best year for Suezmax freight rates since 2008. However, 2016 has developed quite differently. The question is now: What happened this year that caused the fortunes of Suezmax tonnage to change so drastically? Download Here