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Tag Archives: Aframaxes

Tankers: Japan’s influence on the tanker market not what it used to be

Japan used to be one of the most important markets for the tanker industry, as crude oil imports, mainly from the Gulf Arab region were the norm for decades. This is beginning to change these days, with shipbroker Gibson noting that “the Japanese refining industry has been experiencing challenging circumstances for a number of years, with significant rationalisation of refining ...

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Large Product Tankers are facing headwinds despite promising potential

The high aspirations regarding a potential success story centered around the LR (Long Range) product tanker segement, seem to be failing to live up to expectations thus far. According to the latest weekly report from shipbroker Gibson, “there has always been a compelling story being told about how larger product carriers are the future, in particular the LR2s. However, the ...

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