Summary of Shipping: Crude Tanker Market | Analyst Presentation

00:00:00 - 00:10:00

The analyst in this video discusses the crude tanker market, which has been struggling recently due to oversupply. However, things are slowly starting to improve, with increased demand from the steel industry and increased scrapping activity. The market is expected to gradually improve, with a spike seen in the market now largely noise.

• 00:00:00 This video discusses shipping, focusing on tanker markets. Rates for smaller crude tankers are high, and Russia's oil exports are having a devastating impact on the market. It seems that demand for shipping will be back at pre-covered levels by the end of 2022.
• 00:05:00 The market for crude tanker trade is slowly improving, with increased demand from the steel industry and increased scrapping activity.
• 00:10:00 The market for crude tankers is picking up in Q4, with order books still quite full into 2023. The analyst expects the market to gradually improve, with a spike seen in the market now largely noise. They think good markets will come from 2023 at $50,000/day, with a lower Eb beta (3) for a company like HT, compared to 5 for a company like frontline.