Tankers International

OPEC+ has brought back 2.2 million barrels per day of voluntary production cuts. #VLCC demand is rising as a result, and now is the time to capture higher spot market returns. In the latest issue of Bunkerspot, a ship.energy magazine, our CEO Charlie Grey, underscores why agility is more important than ever. While time charters provide income stability, they limit the ability to benefit from improving market conditions. Many owners are instead turning to VLCC pooling, which offers exposure to the spot market, reduces earnings volatility, and the advantage of a larger pool of ships to always be able to fix when the market is heating up. Read the full article below ⬇️ #Maritime #VLCC #OPEC+ #Oil #ShipsandShipping

The #VLCC tonnage balance is tightening and freight rates are on the rise 📈 We're seeing strong momentum in the VLCC market, with modern vessel earnings surging, driven by robust activity for early September cargoes in the Middle East. With the number of available vessels in the Middle East significantly lower than the 2024 average, the market is showing a strong firming trend. This positive shift is also being supported by fundamental changes, including increased crude exports from key producing regions and a widening arbitrage that favours longer-haul voyages. This is a dynamic and optimistic moment for the sector. We expect the upward trend to continue. Read the full article from TradeWinds ➡️ https://lnkd.in/dy4AASyq #ShipsAndShipping #Maritime #Tanker

Navigating the complexities of the global energy market can be a challenge, but key trends in China's refining sector are providing some direction. Reuters reported that in July, Chinese refiners increased their crude oil processing rates by nearly 9% year-on-year to 14.85 million barrels per day. Despite this higher output, a substantial surplus of over 500,000 bpd was directed into storage. This is part of a broader trend since March, where China has consistently imported more crude than its domestic fuel demand requires, suggesting a strategic effort to build stockpiles. This stockpiling behaviour is largely driven by price. Historically, Chinese refiners have increased imports when they view crude prices as reasonable and pull back when prices rise too quickly. The recent surge in imports, which began in March, coincided with a declining trend in crude prices, reinforcing this pattern. Full story ➡️ https://lnkd.in/dvcWTYzQ For the VLCC market, this is a significant development. Our Tankers International Fixture Data shows a consistent rise in VLCC cargoes heading to China throughout the year. As the world's largest consumer of VLCC tonnage, China's return to the mainstream crude market is a positive signal for tanker operators. This contrasts with last year's trend, when a rise in sanctioned oil imports by China, transported by the shadow fleet, negatively impacted the broader VLCC market. #China #VLCC #CrudeOil #TankerMarket #EnergyMarket

#OPEC has revised its 2026 oil demand forecast upward, citing "supportive economic activities" and a stable global growth trajectory. The producer group now anticipates global oil demand to grow to 1.4 million bpd in 2026, an increase of 100,000 bpd from their previous estimate. This revision is underpinned by increased optimism about the global economy, as concerns over trade tariffs have receded. This positive economic momentum pegs OPEC's economic growth forecast at 3.1% in 2026 and this is expected to drive demand for crude oil. Read more from S&P Global ➡️ https://lnkd.in/dvAe7Adi #OilandGas #EnergyMarket #OilDemand

OPEC+ once again accelerated the return if their voluntary production cuts in September. But what does this mean for the #VLCC market?   In the latest episode of "Tanker Talk, Freight & Fundamentals," our CEO Charlie Grey and Head of Research & Insight Mette Frederiksen break down the numbers and explain why more barrels from the Middle East mean a structural shift in large tanker markets.   🎧 Listen to the full episode for the complete picture and our market outlook ➡️ https://lnkd.in/dTCZ5aqz   #TankerTalk #ShipsandShipping #OPEC #MaritimeData

As the #VLCC market is gaining momentum on the back of more OPEC+ supply and growing talk of more forceful US sanctions on Russian oil buyers, older VLCC tonnage is coming into play. Based on data from our Tankers International VLCC Fixture App, TradeWinds describe how six of 13 VLCC fixtures this week were for ships aged 15 years or older. Analysts are pointing to improving tanker rates ahead, as domestic demand in the Middle East will start to fall, making more barrels of oil available for exports. Read the full article here ➡️ https://lnkd.in/d586a6Bf View our Fixture App data here ➡️ https://lnkd.in/djKXYnEP #ShipsAndShipping #MaritimeData #CrudeTanker 

OPEC+ has approved another production hike, fully reversing the latest cycle of voluntary cuts. With this development, the energy landscape is entering a new phase. While analysts note the increase was largely anticipated and "priced in" to current market levels, the ripple effects of the move extend far beyond crude pricing. For the logistics and shipping sectors, this marks a turning point driven by more Middle Eastern exports and a greater demand for large oil tankers. With 75% of the recent production increase originating from the Middle East and VLCCs already carrying 85% of the region's crude and condensate, the need for tonnage capacity is set to rise rapidly, bringing a boost to the VLCC spot market. This is more than a temporary boost; it represents a structural change in market fundamentals. The full restoration of the 2.2 million bpd could require an additional 55 VLCCs just to meet the baseline demand for transporting this amount of crude to the Far East. This is a clear signal of sustained growth in demand for long-haul capacity. Read more about the impact on oil markets via Upstream ➡️ https://lnkd.in/dE-rsfYV #VLCC #OPEC #ShipsandShipping #Maritime

We are excited to announce that our #VLCC pool continues to grow stronger, with Lila Global's VLCC being our latest high-quality addition. This new partnership underscores our commitment to expanding our global reach and further strengthening the collaborative efforts within our pool. We look forward working closely with Lila Global and seeing the opportunities this brings. Read more from Splash Maritime and Offshore News (splash247.com) who covered this milestone for us: https://lnkd.in/ddc_PwRC #ShipsAndShipping #Tankers #Maritime #VLCC

Is the world underestimating 2025 crude oil demand? New analysis suggests that current crude oil demand forecasts for 2025 might be too conservative. A recent Reuters commentary highlights that the cautious growth expectations from major forecasting agencies could be overly pessimistic. This is especially true given the relatively strong growth in Asia's crude imports during the first half of this year. For context, the International Energy Agency (IEA) projected an annual growth of 700,000 barrels per day in their July update, while OPEC estimated 1.29 million barrels. Read the full commentary for more insights: https://lnkd.in/dQT3-fiX #ShipsAndShipping #Maritime #VLCC #Crudeoil

We’re proud to welcome Lila Global as the newest member of the Tankers International VLCC Pool, joining with their #VLCC Lila Kochi. Lila Global’s return to the tanker sector reflects a strong belief in long-term fundamentals and in the value of scale and quality partnerships. Our CEO, Charlie Grey, commented, “We are pleased to welcome Lila Global as a new pool partner. As the VLCC market becomes increasingly volatile and fragmented, the value of pooling is becoming increasingly powerful. Our VLCC pool is designed to adapt to these dynamics and deliver consistently strong performance”. We look forward to working with Lila Global and continuing to deliver strong spot market exposure and scale-driven returns. Read our full press release here: https://lnkd.in/dqtH7Ggx #VLCC #ShipsandShipping #TankerMarket #Pooling