Hellenic Shipping News: Tanker Owners Should not Bet All-in in Chinese Oil Market Warns Analyst

“China’s importance as a consumer of raw materials for the shipping markets, both dry bulk, as well as tanker, is undoubtable. The rise of China’s trade over the past decade or so has been instrumental towards altering the landscape for the shipping industry as well. According to a recent report from Poten & Partners, for the most part of the past decade, ‘China has been the saving grace for the tanker, and other, shipping markets. While economic malaise pervaded in the West, China’s economic dragon appeared difficult to tame’, it noted.”