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Seaborne Crude Trade Seen Falling in 2013 by Maritime Strategies

Feb. 11 (Bloomberg) -- Seaborne trade in crude oil will decline 1.3 percent this year, led by shrinking supplies from the Persian Gulf, according to Maritime Strategies International Ltd., a London-based freight forecaster.

Imports to the U.S., the world’s largest buyer of overseas crudes, are being curbed by rising domestic oil production, Maritime Strategies said in a Feb. 11 report. Rates for the largest tankers won’t significantly recover from a slump unless there’s “much more scrapping,” the forecaster said.

To contact the reporter on this story: Alaric Nightingale in London at anightingal1@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

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