China's expanding energy use could affect tanker rates

Growth in China's oil imports could contribute to maintaining the healthy rate structure that will be needed to pay for new tanker construction, said shipping consultant Poten & Partners, New York, in a recently published analysis.But some believe that because China is employing so much of the world's fleet of tankers, bulk carriers, and containerships, and shipyards are already filled with orders to 2006, a worldwide shipping crisis is imminent.Large bulk carriers carrying iron ore, medium bulk carriers carrying grains, and container vessels moving to and from China are enjoying boom times, said the company. But is that necessarily so for tankers?VLCCFig. 1 shows very large crude...

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