The reduced vessel supply is “mainly driven by geopolitical uncertainties over Iranian production and the surge in eastbound demand,” he said, adding that the number of ships seeking cargo is the lowest since June 2010.
Oil-tanker supply falls to 21-month low
The reduced vessel supply is “mainly driven by geopolitical uncertainties over Iranian production and the surge in eastbound demand,” he said, adding that the number of ships seeking cargo is the lowest since June 2010.