S&P Global Platts: Commodities 2022: Tanker owners eye change in trade lanes to raise ton-mile demand, Americas freight

Looking at the coming year, the addition of over 1 million b/d of refining capacity in the Middle East through 2022 will grow ton-mile demand as refining capacity will close or convert to import terminals in mature markets. Poten and Partners data showed 1.26 million b/d of capacity in the US is due to close or convert, in addition to 1.24 million b/d in the rest of the world.

To read the full article, click here.