The week in charts: Libya offers tanker support as crude tonne-mile demand slumps
Number of new vessels to hit the water set to be higher in 2020 than last year, Asia-Europe container spot rates at highest level for a decade
The rapid growth in Libya’s oil exports since the resumption in October has provided some support for suezmax tankers in recent weeks, but crude tonne-mile demand from the Middle East Gulf is lagging behind the year-ago level. Meanwhile, the impact of the pandemic on vessel deliveries has not been as marked as once envisaged