Tankers doldrums underscored as tonne-mile demand shrinks
China now accounts for a third of all tonne-mile demand, analysis of Lloyd’s List Intelligence data shows, but fails to offset huge falls on west-of-Suez tanker routes
Of the 48.4m bpd of global seaborne oil trade last year, 18m bpd was tracked from the Middle East Gulf on 6,724 tankers, representing 928 fewer voyages than 2019