Don’t bank on US oil sanctions to ignite tanker markets, warns Gibson

Are sanctions going to help push tanker freight markets higher and higher?

Maybe not, says Gibson Shipbrokers, calling into question one of the catalysts many in the market were looking forward to following the inauguration of US President Donald Trump.

G7 pushes for crackdown on shadow fleet with ‘satellite-based vessel tracking’

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“The effect of sanctions on the utilisation of the dark and sanctioned fleets remains unclear,” it said.