Platts: Tanker Market Takes Heart From Brazil’s Rising Crude Exports

“Brazil’s rise as a crude oil exporter is helping the tanker industry as it turns into a significant source for future ton-mile demand, ship brokers Poten & Partners said in a market report released over the weekend. Ton-mile growth in the tanker market, which is calculated by multiplying the number of metric tons moved by the distance traveled, helps to consume a greater portion of the global fleet by soaking up tonnage through long-haul voyages. ‘Its status as a net crude oil exporter is only just starting to be reflected in reported dirty fixture volumes,’ the Poten report said.”