Tanker trade will benefit from Caspian, Black Sea events

Conditions in the Caspian and Black seas continue to create problems as well as opportunities for the world's petroleum shipping industry—but not always in expected ways, according to analyses released last month by New York-based shipping consultant Poten & Partners Inc.Frequent bottlenecks for crude oil moving by tanker through the Bosporus Strait, says one analysis, will force adjustments to movements of crude oil from West Africa, the Caribbean, and the North Sea and likely lead to more Persian Gulf crude oil supplying Atlantic Basin refineries. Panamax, Aframax, and Suezmax tankers will benefit from such adjustments.Tanker trade will benefit—not suffer, says another a...

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