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Tighter fleet capacity, geopolitical issues, longer voyages to boost 2024 tanker freight

Tighter fleet capacity, geopolitical issues, longer voyages to boost 2024 tanker freight
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Global freight seen steady but surplus supply weighs | Hellenic Shipping News Worldwide

Global tanker freight is seen steady over the next few months as oil buyers replenish inventories, exporters release reserves, refinery margins remain high and a major war alters trade flows. Last month, freight on major tanker shipping routes hit their highest levels in two years, only to partially correct downwards as fundamentals remain strong. Cyclical .

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