Subscribe to RSS feedDemand for vessels to rise as crude export volumes go up
by
Martyn Wingrove, London
—
last modified
Oct 08, 2009 03:10 PM
DEMAND for very large crude carriers and suezmax tankers will rise this quarter because Middle East and West African crude producers will increase export volumes.
The majority of the expected surge will come from members of the Organisation of Petroleum Exporting Countries (OPEC), especially Saudi Arabia, the world’s “swing producer”, a shipbroking analyst said.
VLCCs and suezmax tankers transport most of the Middle East’s...
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