Tanker

Chinese crude oil imports could end up a joker in tanker market

For the past 20 years, the global tanker market has been able to rely on continued growth in Chinese crude oil imports for refineries in China, but the future trend is more uncertain, according to broker Gibson.
Photo: PR / Euronav
Photo: PR / Euronav
by DAG HOLMSTAD

For the past 20 years, China has imported increasingly large volumes of crude oil for Chinese refineries, which has been a boon for tank carriers, but the future trend is more uncertain, writes broker Gibson in its Weekly Tanker Report.

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