A few European oil refineries tabbed to reopen by Barry Rogliano Salles (BRS) would boost suezmax and aframax tankers as VLCCs continue to sink.
The French shipbroker said in its weekly note that the return of Total’s Donges refinery, as well as two other potential facilies in the Amsterdam-Rotterdam-Antwerp (ARA) region, would boost the continent’s refining capacity as buyers turn away from Russian crude barrels.