In its Marine Market monthly update, Teekay Corporation provides an insight into tanker market fundamentals, including the balance of supply and demand in the tanker market, and spot tanker charter rates.
While the third quarter of 2017 has seen the weakest rates since 2011 – 2013, the film informs that an upside is anticipated in over the winter season and into the next year.
As explained, the Q3 of 2017 was probably the worst quarter of tanker rates since 2011-2013. However, moving out from Q3 to Q4, tanker rates present a slight turn, mainly from the last week of September. Explore more by taking a look at Christian Waldegrave’s update.