ShippingWatch

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

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.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.

Further reading

Related articles

Latest news

See all jobs