CANADA NOV BUDGET DEFICIT CAD8.2 BLN VS YEAR AGO CAD4.0 BLN

MNI BRIEF: Fed's Goolsbee Supports Slowing Rate Cuts

CANADA DELAYS IMPLEMENTING CAPITAL GAINS TAX HIKE TO JAN 2026

MNI BRIEF: US Dec Core PCE Inflation In Line With Expectations

MNI BRIEF: Fed's Bowman Wants Inflation Progress Before Cuts

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100 BPS TO 13.25%

MNI: BAKER HUGHES US RIG COUNT 582; OIL RIGS 479; GAS RIGS 98

BAKER HUGHES CANADA RIG COUNT 258; OIL RIGS 186; GAS RIGS 72

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FREIGHT: Mounting Tanker Deliveries Dampens Freight Prospects: Platts

FREIGHT
Energy BulletsBulletCommodities

Product tanker markets face bearish conditions in 2025-2026 as a rapidly expanding fleet outpaces weaker demand growth, according to Platts citing BIMCO analysis.

  • While the crude tanker outlook is more mixed, both segments are projected to see lower freight rates, the shipping association believes.
  • The total number of tankers inline in November is 11, while in 2025 it will average 23/month and in 2026 it will average 32/month, Platts data showed.
  • Platts assessed the current rate to carry 37k mt of clean products cargo on a Medium Range tanker from UK/Continent to US Atlantic Coast at $21.41/mt Nov. 27, down 34% on the year.
  • For crude tankers, BIMCO forecasts cargo volume growth at 1.5%-2.5% in 2024, but sees a decrease in absolute cargo volume.
  • In 2026, BIMCO expects that oil demand growth will continue to slow and therefore lowered its outlook for crude tanker volume growth compared with 2025, with growth of 

 

Keep reading...Show less
152 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Product tanker markets face bearish conditions in 2025-2026 as a rapidly expanding fleet outpaces weaker demand growth, according to Platts citing BIMCO analysis.

  • While the crude tanker outlook is more mixed, both segments are projected to see lower freight rates, the shipping association believes.
  • The total number of tankers inline in November is 11, while in 2025 it will average 23/month and in 2026 it will average 32/month, Platts data showed.
  • Platts assessed the current rate to carry 37k mt of clean products cargo on a Medium Range tanker from UK/Continent to US Atlantic Coast at $21.41/mt Nov. 27, down 34% on the year.
  • For crude tankers, BIMCO forecasts cargo volume growth at 1.5%-2.5% in 2024, but sees a decrease in absolute cargo volume.
  • In 2026, BIMCO expects that oil demand growth will continue to slow and therefore lowered its outlook for crude tanker volume growth compared with 2025, with growth of 

 

Keep reading...Show less