Anyone looking out over the Bay of Algeciras by the Rock of Gibraltar over the next few months can expect to see plenty of ships. The bay is a popular spot to moor oil tankers - Algeciras’s busy oil refinery is nearby and the bay’s strategic location makes it an excellent place for temporarily idle ships. The ships are underemployed thanks to growth in the world tanker fleet that far outstrips the 1.3 per cent world oil consumption growth projected for this year and the 1.8 per cent projected for 2012. Figures from Fearnleys, an Oslo-based shipbroker, put this year’s growth in the world fleet of very large crude carriers - the largest commonly used kind - at 14 per cent if none is scrapped. The figure for 2012 should be 9 per cent.
Posts
0 comments:
Post a Comment