Tanker markets are set for a slow recovery unless something extraordinary happens, such as failed vaccination, a break-up of the Opec+ alliance, or a quick conclusion to the coronavirus pandemic.
This is how some industry experts expect tanker trade to evolve this year, based on the views they expressed at a panel discussion held by Argus Media on Thursday.
The consensus is that tanker rates will stay in the doldrums for at least a further six months, with oil destocking taking place at a gradual, uneven pace amid pandemic uncertainty.
