Drewry's crude tanker equity index on the rise.

Drewry's Crude Tanker Equity Index has been on an upward trajectory (YTD: up 7.4 percent) since the beginning of the year after surging 96.3 percent in 2022 on the back of favourable market fundamentals. However, the index came under pressure from the beginning of March (19.2 percent) despite increased vessel earnings across vessel classes as the banking woes of the US and Europe put sell-side pressure on the stock...