The tanker market is fragmented with varied performance
TThe tanker market is fragmented with each class that shows a variety of performance, as a result directly from changes in trade flow. In a recent weekly report, the Xclusiv ship said that “the oil market was once again trapped among contrasting narratives, with the warning of the International Energy Agency (IEA) about” increasingly swollen markets “while OPEC projects a much more optimistic view. Year-year, the first profit since February, but growth is expected to slow down only 90,000 B/d in 2025 and 160,000 B/D in 2026. OPEC, on the contrary, seeing lower. 92 million barrels of lower shares under an average
Source: Xclusiv
According to Xclusiv, “Chinese import behavior added uncertainty. The flow of crude oil reached the highest 22 months in June but slowed down in July, with the possibility of further easing unless countries increased strategic reserves. Independent refiners faced tighter quota, while talks owned by states of one billion, without a distended, without many plows. One billion, without a distended, without notice, without buyers, without plow, without plow, without plow, without plow, without plow, without artificial, without plow, without plow, without plow, without artificial, without notice, without bloating purchases, without plow purchases, without notice.
Meanwhile, India mapped its own direction. Beaten by a 25% Washington tariff about imports, New Delhi accelerated diversification, strengthening relations with Brazil. The Brazilian flow to India jumped 75% of the years-year in H1 2025 to 72,000 B/D, led by Petrobras’ Lula/Tupi and Sepia Gradion. Cooperation, even upstream businesses.
Source: Xclusiv
Xclusiv noted that “these shifting fundamentals have been mirrored in tanker earnings across July and august. Aframax Rates Slid Through Most of July, Bottoming Near USD 23,200/Day on July 23, Before Rebounding Above Pick up. Suezmaxes follows an even sharper trajectory, rising from USD 27,500/day in Early July to ABOVE USD 62,000/day on August 22, when Kazakhstan switches raw exports from the BTC pipe to the BPK terminal in NovorossiYSK, where VLCC, 22 years old, 22. Inventory Talks.
“Divergence crossing segments reflects the interaction between the balance of macro supply and regional trade distribution. Suezmaxes and Aframaxes, closer to the Atlantic and Med disorders, have jumped, while VLCC has benefited from Indian diversification and SPR potential.
Nikos Roussanoglou, Hellenic Shipping News worldwide
