- Steady Chinese energy demand has been a saving grace for the oil tanker market, with much of the credit going to China's Unipec - a unit of Sinopec (SNP) - who didn’t rank among the top 20 charterers of oil tankers a decade ago but has beaten Shell (RDS.A, RDS.B) as the No. 1 charterer for the second year in a row.
- China’s move up the rankings - PetroChina (PTR) also is raising its presence among tanker charterers, joining the top 10 - reflects its growing control over elements of its oil supply chain as the center of global oil demand growth shifts toward developing Asia.
Global oil tanker data shows China shift
Jan 8 2014, 08:26 ET