Lower-than-normal oil supply in West Africa has rubbed salt into the wounds of suezmax tanker owners amid slow demand from Asian refineries during the maintenance season.
In Nigeria, Shell has declared force majeure on the exports of Bonny Light crude following a fire at the Nembe Creek Trunk Line on 21 April.
The 600,000-barrel-per-day pipeline connects the production fields in Niger Delta with the Bonny terminal, where tanker liftings have nearly come to a halt in the past week.
