Lloyds List: VLCC’s Wanted as Tonne Miles are Expected to Rise

“An extra 500,000 bpd-750,000 bpd of crude exports to Asia means an additional seven to 11 VLCCs on top of the 20 or more that are currently heading east from the Caribbean every month, according to Poten & Partners. However, there’s a twist in this tale. After a period, the new owner of the refineries will probably replace imported Venezuelan crude with North American crude supplies, according to Poten & Partners.”