Exceptionally strong tanker rates have lifted vessel values, but accelerating fleet growth could limit how long the current boom lasts.
The tanker market is experiencing an unusually strong period as geopolitical disruption and longer trading routes increase the need for ships, according to S&P Global Energy CERA. At the same time, a wave of new tanker deliveries is raising the prospect of a transition from scarcity-driven strength to a market where demand must absorb substantial additional capacity.
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