Clarkson Research released a study report that preliminarily estimates a 2.7% growth in the global marine transportation crude oil trade volume by 2025.
According to the Zhitong Finance APP, Clarkson Research released a study report that preliminarily estimates a 2.7% growth in the global marine transportation crude oil trade volume by 2025 (despite the ongoing risks from OPEC+ extending the oil production cut plan and uncertainties in petrochina demand), while the crude oil trade from the atlantic region to asia (total export volume from countries in the atlantic region such as the usa, brazil, and guyana is expected to increase by 78% in 2025 compared to 2019) will continue to drive an increase in the average shipping distance for crude oil tankers. The rerouting of ships due to the Red Sea incident is expected to persist in 2025, further promoting a 3.1% increase in crude oil ton-mile trade and a 3.2% growth in crude oil tanker demand. The fleet capacity supply is expected to continue to maintain a favorable trend, with an expected fleet size growth of only 1.1% for crude oil tankers by 2025.
