Tankers end 2022 with 78pc time charter contribution margin and best 2023 outlook.

What a difference a year makes! At the end of 2021, container ships were enjoying a historically strong market and freight and time charter rates had yet to peak. At the same time, dry bulk ships were seeing multi-year high rates slipping away, although still enjoying better returns than in previous years. However, tanker ships were seemingly still stuck in a COVID market rut without any immediate hopes for a strong comeback. During 2022, Russia's invasion of Ukraine in late February has been a key market driver. It led to higher food and...