Norwegian Lorentzen sees tonne-mile demand increase for tankers
After a bumper 2022 thanks to limited new supply and stretched supply chains seeking oil from all corners of the globe, analysts are confident the tanker segment is set to enjoy another solid year of earnings.
Researchers at Nowegian brokers Lorentzen & Co believe tonne-mile demand for crude oil carriers will increase by 10% and product tankers by 12% this year. By contrast, as vessel supply will only expand by 4% and 2%, respectively, vessel capacity utilisation is slated to hike up to 90.3% for crude oil carriers and 93.9% for product tankers, Lorentzen analysis maintains (see chart below).
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