Shipowners involved in the product carrier market need a new focus for their investments over the next 10 years, Gibson Shipbrokers argues.
The London shop explained that for much of the last decade, cash has been focused on responding to changing dynamics in the global refining scene.
This has involved expanding capacity in Asia, primarily driven by Middle East export refineries, and capacity rationalisation west of Suez, supporting the case for strong tonne-mile demand growth.
