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Oil tanker trade is growing at its fastest pace in 10 years as the U.S. production boom is...

Oil tanker trade is growing at its fastest pace in 10 years as the U.S. production boom is forcing exporters, who used to ship oil to U.S. markets, to find new customers on different trade routes, FT reports. A 10% jump in the number of oil-ton miles comes even as the volume of oil traded has flatlined, good news for tanker companies such as Frontline (FRO +8.6%) and Overseas Shipholding (OSGIQ.PK +3.3%).
Comments (1)
  • Maybe. At the moment some rates are still low.

     

    http://bit.ly/o7IUM4

     

    http://bit.ly/LyEt8t

     

    I still don't expect much recovery in tankers until mid 2014.
    13 May 2013, 04:51 PM Reply Like
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