Gibson Tanker Market Report Xinde Marine News 2023-05-29 09:10

Rocky Road
In a recent tanker market report, we highlighted some of the current issues surrounding transit crude and crude pipelines; on that note, attention once again has turned to Canada’s Trans Mountain Extension project (TMX). Concerns have been raised that rising constructions costs and inflationary pressures related to labour shortages and material costs mean further investment in the region of C$9.1 billion is required this year to see the project come online in Q1 2024. This comes after a long running series of startup delays; as well as the Canadian federal government having to become financially involved and growing environmental concerns.  

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