Tanker market report dated 5 April 2019

Earlier in 2019, we published a market report into how the surge in Chinese refined product exports had a profound effect on the product tanker market. However, with significant new refining capacity coming online in China this year, it is important to assess where the additional crude supply will come from. With two of China’s key suppliers under sanctions, and many others participating in output cuts, procuring the additional volumes demanded may not be as simple as before. Where will China turn? 

The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

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