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Middle East branch conducts another succesful webinar!
Posted on Thursday, May 14, 2020
The Middle East branch conducted a webinar on Tanker Market
Outlook on 2nd May 2020.
Once again, the event proved popular among participants from
across the globe. 369 participants from 31 countries registered for
Mr. Mr. Andrew Finn, Partner in Affinity (Shipping) LLP UK, gave
a detailed presentation on how the crude and product tanker markets
behaved in the recent past. He discussed the demand for storage and
its resultant impact in tanker market. The extremely low crude
prices has led to very high demand for tankers as storage units
taking charter hires to unprecedented levels. The depth of
Andrew's data analysis was spellbinding.
Mr. Ben Ognibene, Founder CEO of Concord Maritime USA, presented
the tanker market outlook from an owner's perspective. Ben
graphically explained the volatility of the tanker market due to
conflicts, regulations and mother nature. His analysis on the role
of OPEC in the supply of oil and its impact on tanker trade was
The webinar was hosted by Mr. Krishnan Subramaniam, President of
the ICS Middle East Branch, a veteran in the tanker trade.
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