From Ryan Dezember, Wall Street Journal, here…
”Heightened demand for tankers to make the voyage from the U.S. Gulf Coast, from which most barrels leave the country, is meeting a shortage of available ships. The U.S. last month blacklisted several Chinese shippers for allegedly carrying Iranian crude in violation of U.S. sanctions. Meanwhile, many tankers are in harbor to be retrofitted to comply with new international emissions standards that go into effect in the new year.”
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