Diesel Tankers Are About to Get Biggest Demand Surge Since 1993
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Oil tankers hauling fuels like gasoline and diesel are poised for their biggest demand surge in three decades next year, with disruption to Russian oil flows boosting the distances vessels will have to sail.
A closely-watched shipping industry gauge known as ton miles -- effectively the volume of cargo transported multiplied by the distance it sails -- will surge by 9.5% in 2023, according to estimates from Clarkson Research Services Ltd. It would be the biggest annual increase for tankers hauling refined fuels since 1993, data from the research unit of the world’s largest shipbroker show.