First line of new article – “The expansion of Canada’s Trans Mountain Pipeline is set to reshape the North American oil landscape, which of course will have a significant impact on the tanker market.”
Wow! Talk about hyperbole. Let me offer a different view
TMX Pipeline - Good for Canadian economy, a couple of California refineries, and likely, a few tanker owners who own a specific type of tanker (Aframax).
Oct 2024 - TMX Pipeline managed ~ 366K bbls daily
Just as a reference, Guyana, which only started producing oil in the last few years, is already producing/exporting over 625K bbls daily (Feb 2024), Guyana expects to see production increase significantly over the next few years