Business Data
Global industry overview - crude oil shipping supply: excess remains
In the s econd of our two-part global overview of the crude oil shipping sector we will look at the supply side of the supply-demand dynamic. In this case, supply is formed by the s ize and s hape of the g lobal crude oil tanker fleet. We have already looked at the demand for s eaborne oil, and how changing dynamics , as Chines e demand continues to expand jus t as US demand falls , have affected the indus try. Now we will look at the g rowth of the tanker fleet, by examining the orderbook and the s crapping outlook, and what effect thes e as pects are likely to have on s hipping rates .