The global tanker market is poised for additional growth, driven by an uptick in oil output across the Americas. This development is expected to boost cargo availability from countries including Canada, Mexico, and Venezuela, thereby offering new support for the tanker industry.
This positive outlook persists even amid ongoing geopolitical complexities in regions such as the Strait of Hormuz, which could otherwise present challenges to shipping operations.
Intermodal, a shipbroker, noted in a recent weekly analysis that significant progress was made last week concerning the reinforcement of Venezuela's oil infrastructure. This move follows announcements from the US administration, suggesting a potential increase in Venezuelan crude exports.
This information was initially reported by Hellenic Shipping News Worldwide.