Petroleum Transportation Activity News

Marine transport advisors, McQuilling Services recently released its 2014-2018 Tanker Market Outlook that forecasts spot freight rates across eight tanker classes and 13 major trading routes. This year’s edition also includes a forecast of asset prices over the same period for newbuilding, 5-year old and 10-year old tankers in these eight tanker classes. "This note discusses an important element of McQuilling’s forecasting process – the development of tanker supply. Tonnage supply…