Reflecting on an extraordinary year for the tanker market.

At the beginning of the year, tanker rates were at depressed levels following one of the worst years for freight rates in living memory during 2021. Now, we are ending 2022 in what is probably the strongest Aframax tanker market ever seen.

Although the future is uncertain, and there are bound to be some bumps along the way, we expect that the tanker market will remain firm in 2023 with the potential for a much more extended period of strong rates given the positive fleet supply outlook.

Watch Christian Waldegrave‘s monthly tanker market update for more.