Politics and Tankers: It’s no secret that the war in Ukraine has been the main driver behind the astronomically bull tanker market, hence when things started boiling over in Russia during the weekend, the tanker market participants were following closely, but it seems we are «back to normal» again after a quick settlement was struck in what seemed almost like a psyop.
25. June 2023 – RESEARCH
Last week we shortly discussed the aviation market ⌨ and if the Paris Air Show this week told us one thing, then it is «Aviation is back» with a record number of plane purchases taking place, with airliners such as IndiGo, India’s largest airline placing an order of 500 Airbus planes. Of course, these numbers and orders do not tell us much about today’s market, but it tells us a lot about the growing Asian market within aviation tourism and travel, which will drive the future growth of aviation fuel. Moving on from Jet Fuel, we are after all facing the market, and we are feeling the impact of the seasonal slowdown, but with this week’s resistance in the LR segment at still high earnings, it proves to us a well-bolstered clean tanker segment.
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