Crude Tankers Bound for China Surge Amid Stockpiling Signals
- Supertankers bound for Asian country jump to 16-month high
- Nation's imports last month were highest for March on record
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China, the world’s second-biggest crude consumer, may be poised for another increase in imports after the number of supertankers bound for the Asian country’s ports rose to a 16-month high amid signs it’s stockpiling.
There were 83 headed to China, the most since December 2014, according to a ship-tracking snapshot compiled by Bloomberg on Friday. Assuming standard cargo sizes, they would be able to deliver about 166 million barrels.