Some tanker markets are in for long-term pain as a result of Japan’s earthquake and tsunami disaster, a leading shipbroker has warned.
Refinery shutdowns could also kybosh some VLCC trades and lead to “distressed” naphtha cargo sales but other clean tanker markets could be in for a boon, a market report from Braemar Shipping Services read on Tuesday.
The London broker pointed to reports that six Japanese refineries are closed as a result of Friday’s devastating natural disaster which has left thousands dead and destroyed vast swathes of the country’s north-east.
Of the six refineries – two JX Nippon plants in Sendai and Negishi, Kashima Oil in Kashima, Cosmo Oil and Kyokuto Petroleum in Chiba and TonenGeneral Sekiyu in Kawasaki – all but...
