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VLCC Market Finding Strength in 2022

OIL

Globally Tankers International count an additional 27 monthly liftings in the VLCC spot market in the first half of this year compared to the 2021 annual average, and the market is very close to reaching pre-Covid fixing volumes.

  • The load area with the highest increase in volume has been the Arabian Gulf. Tankers International count an additional 26 liftings per month from the Arabian Gulf alone this year.
  • The data also shows a slight increase in volumes loading in the US Gulf with an additional four liftings per month
  • Simultaneously, the data shows a reduction in cargoes lifted from Europe over the period, as the region has kept supplies internal.
Energy BulletsCommodities
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