17MAY2019 - NEWS - Tanker Rates Firming Up: Frontline

The middle of the first quarter in 2019 saw tanker rates firming significantly, driven mainly by an increase in US exports, said Frontline Ltd. The tanker market pulled back in January due to OPEC production cuts and a high level of newbuilding deliveries after a strong end to 2018, it said. The market then came off primarily due to extended refinery maintenance in preparations for IMO 2020 and both new and persistent supply disruptions.

Published by Editor - www.Livebunkers.com at 17-May-2019 09:40:55 [UTC] , contact editor at editor@livebunkers.com