
BIMCO Forecasts Stronger Crude and Product Tanker Markets in 2024 Despite Initial Weakness
Niels Rasmussen, BIMCO’s Chief Shipping Analyst, predicts a stronger year for crude and product tankers in 2024 despite weaker cargo volumes in the first half of the year. The Tanker Shipping Market Overview & Outlook for August 2024 highlights muted fleet and supply growth as key factors contributing to the predicted strengthening of the supply/demand balance.