Global variations in the recovery of oil product markets could see jet fuel arbitrage opportunities for product tanker owners in Asia, UK shipbroker Gibson believes.
This is good news for long-haul LR tankers, but could also see VLCC and suezmax newbuildings picking up cargoes on their maiden voyages from shipyards in the region, the company has forecast.
The International Energy Agency (IEA) does not believe jet fuel demand will return to 2019's pre-pandemic levels until 2024 as a result of lingering travel restrictions,...
