Planned crude production rises in Libya could be a shot in the arm for aframax tankers, but ongoing political uncertainty is holding the country in stasis.
This is the view of UK shipbroker Gibsons, which said instability since the civil war in 2011 is hampering foreign investment in the oil industry.
“If Libya can successfully pull off planned production increases, then this will offer a major boost for aframaxes in the region and in turn support routes such as the cross-Mediterranean trade,” Gibsons said.
