The Chinese dragon, oil and tankers
It’s almost impossible to imagine what the shipping market would be like without the Chinese economic dragon. Our view has just been reinforced by a press release from Braemer Shipping Services, which we reproduce in full as follows:
China’s demand for imported oil is, and will, continue to be one of the key influences on the tanker market, according to industry experts Braemar Shipping Services plc. Demand growth in the country has progressed at an unprecedented pace over the last decade, a pattern universally anticipated to continue. This additional demand will increase China’s dependence on imported crude with beneficial knock-on effects for the tanker industry. (more…)
