Photographer: Stephane de Sakutin/AFP via Getty Images

Tanker-Rate Slump Ending as Asia Refiners Restock African Crude

  • Record shipping for month of October seen for Nigeria, Angola
  • China stockpiling reserves may spur tanker company recovery

For operators of very large crude carriers, the tankers that move as much as 2 million barrels of oil across oceans on a single trip, the fourth quarter can’t come fast enough.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.