Page 8: of Maritime Reporter Magazine (March 2020)

By the Numbers

A Tanking Tanker Market

As the hysteria surrounding the COVID-19 virus continues to swirl, our editorial staff had to break out the thesaurus for new words beside “plummet” and “plunge.” Although it is widely agreed that the market ? uctuations across all industries are temporary, no one can, with any degree of certainty, de? ne just how long “temporary” may be. At the end of February tanker charter rates had plunged more than 80%. Here we, with help from our friends at Vessels-

Value, we offer a more appealing insight on tankers.

8 Maritime Reporter & Engineering News • March 2020

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