Due to its additional commentary, I normally post Gibson’s report on the METAR board. This week’s version, while covering the possibilities of a Ukraine-Russia War halt, seems to touch on a lot of issues, and is worth a cursory glance. I mean, among the sub-items
- impact on Indian and Chinese refineries
- impact on tanker sizes
- impact on dark fleet
- asset prices and second hand values
The table with data on various routes is also useful. General observation, dirty routes slight cooling, clean route slight gains.
But overall, tanker owners are not too unhappy at these levels.