🚤 Longer Routes Tighten Supertanker Supply
A US Gulf-China supertanker voyage was assessed above $35 million on 11 September. Longer routes and ship-to-ship transfers keep vessels occupied, reducing availability for the next cargo.
China’s August crude imports were 23.4% lower year on year, while refined-fuel exports were about 13% higher. Kpler estimated onshore crude stocks fell by 550,000 barrels a day.
Stocks can defer purchases but do not guarantee cheap delivery when China replenishes them. Imports could rise while tankers remain tied up, increasing shipping demand without an empty-tank emergency.
Watch September arrivals and inventories together. Higher imports alone cannot show whether China is rebuilding stocks or processing more oil.
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🚤 Longer Routes Tighten Supertanker Supply A US Gulf-China supertanker voyage was assessed above $35
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