You are here

Mega refineries require use of new oil products supertankers

Traders are looking for scale that was previously not economically viable

BT_20150414_TANKERS14_1614627.jpg
As the Middle East and US Gulf Coast transform into refining hubs, traders require ever-larger tankers to move oil products such as petrol, diesel and aviation fuel to Europe, Asia and Latin America.

London

THE rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable.

In the early 1970s, ships capable of carrying two million

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom