It's boom time for big crude carriers
Countries like China and India are chartering vessels to take advantage of lower oil prices and top off their reserves
London
JONATHAN Lee has spent 30 years in the shipping business. But he was as excited as a rookie over the scene on his screen one recent day here at the international nerve centre of his oil tanker chartering and dispatching company.
Although petroleum prices are down worldwide, the business of sending two-million-barrel supertankers across the seas has never been brisker - or more global.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
India’s IndiGo gets into long haul game with Airbus A350 deal
Hertz reports US$392 million loss as it unwinds Tesla fleet burden
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race