How a Trade Single-Handedly Saved (sort of) the Tanker Market – Editor’s Choice Award

While a transaction of this kind is not within our usual purview when considering our annual awards, it was impossible, given the import and impact of the contango oil trade and tanker storage in 2009, to ignore it. At the outset, we would be remiss if we did not acknowledge Credit Suisse’s Gregory Lewis’ thoughtful analysis and explanation of this trade, which made it more practical than theoretical and therefore more easily understood. We must also provide the caveat that the core data and analysis are reflective of the time of the writing of the report, which was January 2009.

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