Kilian, Lutz; Nomikos, Nikos K.; Zhou, Xiaoqing - 2020 - This version: September 4, 2020
Gulf and the Far East. We study how fluctuations in oil tanker rates, oil exports, shipowner profits, and bunker fuel … operating tankers, including bunker fuel costs. Our analysis shows that time charter rates are largely unresponsive to tanker …. Tanker supply and tanker demand shocks have persistent effects on time charter rates, round-trip voyage rates, the volume of …