Wed, 23 Sep 2020 21:00:58 +0000
There is no denying that a sudden plunge in oil demand on account of COVID-19 proved to be a blessing in disguise for the oversupplied crude tanker market in 2Q20, which led to a surge in onshore and offshore storage of crude in March-April. While an increase in onshore storage of cheap oil by refineries …
Full article: https://www.hellenicshippingnews.com/floating-storage-a-ticking-time-bomb-for-the-crude-tanker-market/