The recent floating storage boom drove tanker freight earnings to levels last seen during the Golden Tanker Era of 2004-2008, but how sustainable are VLCC time charter equivalent revenues in excess of $100,000/d? Tanker owners have now concluded their first-quarter earnings call season and were wondering how long the current boom would last.
Barbara Troner, Catherine Wood and Marieke Alsguth discuss what’s been driving the Americas tanker markets into the second quarter, comparing shipowner hopes and concerns with current market reality.
Commodities Focus