Product Tankers: Market Prospects to 2015: The product tanker sector is facing a transitional time as new IMO regulations are enacted against a background of structural fleet change and continuing demand profile development, especially in Asia. The IMO has brought forward the phasing out of single-hulled tankers from 2007 to April 2005, and includes the banning of such vessels from transporting heavy oil in international waters. This could cause a major change in vessel deployment patterns.
The current large newbuilding orderbook for product tankers is set to have a massive impact on the market over the next 5 years through extensive structural and volume fleet changes. On the demand side, recent product demand growth has focused on Asia, particularly China, while the US, Europe and Japan have witnessed limited demand
growth, partly due to increased product specifications.
Product Tankers: Market Prospects to 2015 examines the outlook for all aspects of the product tanker market throughout the period to 2015, through detailed analysis of recent/current developments and extensive future forecasts.
Included in Product Tankers: Market Prospects to 2015 are detailed analyses and forecasts in the areas of :
Trade volumes and patterns for major individual products;
Fleet development, including newbuilding and scrapping prospects;
Vessel operating costs;
Vessel freight rates;
Vessel demand and supply;
Vessel profitability;
Product Tankers: Market Prospects to 2015 provides invaluable independent analyses on the future development prospects for all aspects of the oil products sector. It represents the most up-to-date and comprehensive examination of the product shipping industry, and is essential reading for all parties with an interest in this sector.
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