McQuilling Services 2017-2021 Mid-Year Tanker Market Outlook Update
Aug. 1, 2017
What is it?
McQuilling Services is in the midst of producing its 20th Anniversary Edition 2017-2021 Mid-Year Tanker Market Outlook Update and is proud to announce its release the week of August 7th, 2017. The Mid-Year Tanker Market Outlook Update provides an outlook for spot market freight rates and TCE revenues for 19 major tanker trades, including two triangulated trades, across eight vessel classes for the second half of 2017 and the remaining four years of the forecast period to 2021. We revisit our forecasting process at the mid-year point, distilling data from the first half of the year to better understand recent market developments and expectations for the future. In our view, this process allows us to accurately adjust our forecasts and provide additional value to our clients.
What is the McQuilling method?
The McQuilling Services rate forecast is based on the evaluation of historical and projected tonnage supply and demand fundamentals in the tanker market within the current and projected global economic environment, including global oil supply and demand expectations and logistics. The forecasting process begins with the development of quantitative models, which are used to measure the correlation between historical freight rates and tanker supply and demand. This fundamental approach has proven to be reasonably predictive over the past 20 years. However, the forecasting process evolves past the modeling stage when the quantitative results are balanced with experiential knowledge and reasonable market assessments.
Where can I find it?
McQuilling Services 2017 Mid-Year Tanker Market Outlook Update can be purchased online at www.mcquilling.com/reports.html or by calling 516-227-5700.
Order a copy of McQuilling Services 2017 Mid-Year Tanker Market Update
The Mid-Year Tanker Market Outlook Update provides an outlook for spot market freight rates and TCE revenues for 19 major tanker trades, including two triangulated trades, across eight vessel classes for the second half of 2017 and the remaining four years of the forecast period to 2021. We revisit our forecasting process at the mid-year point, distilling data from the first half of the year to better understand recent market developments and expectations for the future. In our view, this process allows us to accurately adjust our forecasts and provide additional value to our clients.
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