Lloyd’s List: VLCCs Benefit as Shortage in West’s Refining Capacity Bites

“Lloyd’s List based this article on Poten’s recent tanker market opinion. “A lack of fresh refining capacity in the western hemisphere should result in a strong market for large product carriers on long-haul trades. This is the view of New York shipbroker Poten & Partners which assesses the likely impact of the Organisation of Petroleum Exporting Countries’ plans to expand crude oil and refinery capacity.” says the article.”