The number of product tankers being used for short-term floating storage in East Asia remains high due to weak supply-demand fundamentals for diesel in China, the region’s top consumer.
According to data from Kpler and VesselsValue, four LR2 tankers, two LR1s, four MRs and one small tanker have been floated for less than two months off Taiwan, China, Singapore and the Philippines as of mid-December.
