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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

SEA CHANGE: 'Years ago, you never saw the Chinese chartering in West Africa; now they are the largest charterer there,' says Mr Lee of Tankers International. 'You are seeing history change in front of your eyes.'


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,...

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