The Business Times
SUBSCRIBERS

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

Published Fri, Apr 3, 2015 · 09:50 PM
Share this article.

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

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here