Still more tankers are waiting with full tanks

Bottlenecks at the major refineries means that oil tankers are being increasingly used as floating storage, in numbers not seen since 2009. The ships are anchored off Singapore especially, writes Dagens Næringsliv.
Photo: Arkivfoto/Colourbox
Photo: Arkivfoto/Colourbox

The rush to deliver crude oil cargoes is swelling in size and, as a result, the total capacity of tankers serving as floating storage has climbed to the highest level since April 2009, reports Norwegian daily Dagens Næringsliv, citing figures from the International Energy Agency (IEA) and Clarksons.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading