Namibia, touted as one of the hottest oil exploration plays, could provide a boost for VLCC and suezmax owners, says Gibson Shipbrokers.
The southwest African country sits between oil-rich Angola and oil-poor South Africa.
“Much of the focus over the past few years has been on the impressive ramp-up of oil production in Guyana, where production is on track to rise to 800,000 barrels per day next year from zero in 2019,” said Gibson.
