DHT’s Tide Rises With Oil Tanker Rate Cycle Talking Transports

Supply chain dislocations, low orderbook and low-single-digit demand growth for oil bodes well for crude tanker rates over the coming years. In this Talking Transports podcast, DHT Holdings President and CEO Svein Moxnes Harfjeld joins Lee Klaskow, Bloomberg Intelligence senior transportation & logistics analyst, to discuss the outlook for the very large crude carrier (VLCC) tanker market. The changes in freight flows from Russia’s war with Ukraine has had a bigger impact on rates then the crisis in Red Sea, as VLCC ships don’t traverse the Suez Canal when fully loaded. Moxnes Harfjeld also talks about DHT’s approach to lowering emissions, the shadow fleet, changes in global crude demand and life before shipping as a drummer in the band Small Affairs.
See omnystudio.com/listener for privacy information.