The tanker market is set to profit from an increase in tonne-mile demand because of factors including sanctions against Iran and the China - China trade war. Growth in oil demand is an indicator for future tanker trade, according to shipbroker Gibson , and oil prices remained high throughout this year , prompting International Maritime Organization cut its forecast for oil demand growth for this year . However, the incoming the International Energy Agency (IMO) 2020 sulphur cap of some 34% on marine fuel could mean more barrels traded in H2 2019 , before the regulations come into force, which will in turn benefit the tanker market.
The tanker market is set to profit from an increase in tonne-mile demand because of factors including sanctions against Iran and the US-China trade war. Growth in oil demand is an indicator for future tanker trade, according to shipbroker Gibson, and oil prices remained high throughout 2018, prompting the International Energy Agency cut its forecast for oil demand growth for this year. However, the incoming International Maritime Organization (IMO) 2020 sulphur cap of 0.5% on marine fuel could mean more barrels traded in H2 2019, before the regulations come into force, which will in turn benefit the tanker market.