The tanker market enjoyed a dramatic turnaround in fortunes in 2022 as the Russian invasion of Ukraine and resulting sanctions saw spot rates ramp up and a redrawing of trade flows, but will the good times continue in 2023?

For listeners interested in specific industry sectors only we have taken the Seatrade Maritime Podcast Shipping markets outlook 2023 episode and split into four mini-episodes focusing on a specific sector.

In the third part of our shipping market outlook series we are focusing on the tanker sector with Maritime Strategies International (MSI) analyst Tim Smith. Speaking to the Seatrade Maritime Podcast he describes a “rags to riches” story for tanker owners depressed demand during the pandemic gave way to a wave of market disruption from the Russian conflict in Ukraine.

The episode covers:

• Impact of war in Ukraine
• Trade changes
• Tonne mile growth
• Demand in 2023

Listen now!

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