Copenhagen: Among the strong line up of analysts for the forthcoming launch issue of Maritime CEO magazine is BIMCO’s chief shipping analyst Peter Sand. BIMCO is the world’s largest shipowning body.
Sand, in his tanker column for the magazine, notes how improving asset prices for product tankers contrast with the clouds over the crude oil market.
“The market for crude oil tankers hasn’t been particularly upbeat in the first half of the year. While a few pick-ups in earnings did arrive, the overall impression is one of discomfort,” Sand notes.
MR product tankers, meanwhile, have delivered very decent returns if judged by their performance since the beginning of the year.
An MR built in early 2013 has gained around 15%, while more vintage tonnage has gained 6%, according to BIMCO statistics.
“On the supply side all focus continues to be on product tankers, as the crude oil tanker segment is still experiencing some very tough times in the freight market,” Sand says.
The full article on the split nature of the tanker trades will appear shortly when the launch issue of Maritime CEO goes to print and comes online.
Maritime CEO magazine is packed with exclusive profiles, market commentary, economic analysis with a lifestyle section to boot.
The magazine is distributed to 3,000 of the ceos, chairmen and presidents of top shipowners across the world, a database that has taken a special team of researchers years to build.
For more details on the publication contact grant@asiashippingmedia.com [02/09/13]
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