A total of 485 oil tankers sailed through the Suez Canal in May 2020, setting a new record for the segment.
The increase is likely caused by a growing demand for low-sulfur fuel oil, which in tow with the oil price war and subsequent skyrocketing rates has caused the tanker fleet's activity level to increase, writes Bimco in a new analysis. Product tankers accounted for nearly three quarters of transits.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.