Tanker market short term outlook

According to Clarkson Research  Services Ltd., a unit of the world’s largest shipbrokers supply and demand for tankers will be improving.

Tankers that transport about 46 percent of the world’s crude oil may be improving, according to data from Clarkson Research.

Demand to ship oil will expand 3.8 percent this year, revising upward an estimate of 3.2 percent made last month.

Tanker fleet will expand more slowly, swelling 7.1 percent rather than the 7.4 percent Clarkson forecast in May.

24 June 2011                                                                                    Source : Bloomberg