Tanker Market Now a “Hostage” of Geopolitics
AI Summary
The tanker shipping market has been heavily impacted by geopolitical disruptions since early 2025, involving tariffs, trade wars, actual wars, and sanctions that have influenced freight rates and cargo flows. Industry experts describe the market as being held hostage by such geopolitical factors going into 2026.
The tanker market has felt the full force of geopolitical factors having an impact on freight rates, demand and cargo flows/ton-mile demand, since the start of 2025. In its latest weekly report, shipbroker Gibson said that “after a chaotic 2025 dominated by tariffs, trade wars, actual wars and sanctions, it seemed hard to imagine 2026 ...