Poten's Weekly Opinion: Atlantic Basin Based

Aug 20 2020


How the pandemic changed Aframax flows and volumes.

Last, but not least, in our series about the impact of Covid-19 on crude oil tradeflows, we address the Aframax market. Unlike the VLCC and Suezmax tankers that we discussed in previous weeks, Aframaxes are predominantly employed in short-haul, regional trades. Global Aframaxes trades in the first six months of 2020 were down by an average of 26 voyages per month (3%) compared to the same period of 2019. However, similar to the other segments, the decline was not universal; some trades showed increased volumes, while others were down significantly. Let’s explore some of the differences to see if we can explain what is going on.

Download The Weekly Opinion

 



Related News

Poten's Weekly Opinion: That Sinking Feeling.....

(Feb 07 2022)

Global ton-mile demand took another beating in 2021.



Vortexa launches Freight Pricing Analytics

(Nov 11 2021)

Vortexa announced the launch of its new Freight Pricing Analytics screen available within Vortexa Freight Analytics following the recent data partnership with The Baltic Exchange, the world's leading independent source of maritime market information.



Vortexa partners with The Baltic Exchange

(Oct 14 2021)

Vortexa is delighted to announce a data partnership with The Baltic Exchange, which makes its freight pricing benchmarks available alongside Vortexa analytics.



Liberian Registry becomes world largest tanker flag

(Oct 07 2021)

The Liberian Registry is now the world’s largest tanker flag.



Diluent shortage curbs Venezuela's September oil exports

(Oct 07 2021)

Venezuela's oil exports last month sank to the lowest in almost a year, disrupted by a lack of diluents that led to sizable production losses at its main producing region, the Orinoco Belt.



June July 2022

SIRE 2.0 - OCIMF and Columbia Ship Management perspective; seafarer mental health; EU ETS costs; 33 years after Exxon Valdez; resolving BWTS problems