Brazil could be first in line to capitalise on increased Chinese crude demand in 2024, boosting tonne-miles and positioning tankers for a great year, said Danish Ship Finance.
Trades from Brazil and US to China have been the biggest drivers of demand for VLCCs in 2023 and the two countries are well-placed to capitalise in the coming 12 months, said the financier in its six-monthly review of the markets.
