Using VesselsValue data, Rebecca Galanopoulos Jones, Senior Content Analyst, analyses the new players in the Tanker market. You can read the full piece here. “Since the start of the conflict between Ukraine and Russia, a new breed of Tanker owners has emerged. Demand for these vessels increased, causing freight rates to rise following a long period of stagnation, enticing new players to enter the market.” Read more.
Gatik Ship Management “India based Gatik Ship Management is one of the most interesting companies to have emerged over the last 18 months. A previously unknown entity, the company has acquired and is now operating an astonishing 53 Tankers (37,100- 318,100 DWT) since December 2021, with an average age of 17 years and a total market value of USD 1.5 bn.” Read more.
Fractal Marine Shipping “Fractal Marine Shipping is another new entrant to the market over the past year. Headquartered in Geneva and registered in the UAE, Fractal are managing the commercial operation of Tankers. The company have put together a fleet of 27 vessels since March 2020, with 26 of these vessels having been bought since May 2022. The vessels bought are between 9 to 14 years of age, with an average age of the vessels purchased being 17 years.” Read more.
