Gulf disruption drives divergence between oil tanker earnings and cargo

Spot earnings in market segments less exposed to the Middle East have already taken a distinctive downturn and large tankers are likely to follow if cargo levels drop, says research firm MSI.

“In segments less exposed to the Middle East, such as Aframaxes and MRs, spot earnings have already taken a distinctive downturn and are now back to ‘normal’ levels compared to the extremes seen in March and April,” says MSI Director Tim Smith. Read more at Riviera.