Fuel-tanker demand is booming as Asia, Middle East refine more oil
The epicenter of global oil refineries is increasingly shifting eastward, causing an acceleration in the construction of new tanker vessels as shipping operations become more profitable.
By Chunzi Xu and Alex Longley, bloomberg news
The center of gravity in the global oil-refining complex is shifting sharply eastward — and that’s spurring a boom in the business of building ships to haul fuel around the globe.
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