Gibson Shipbrokers is predicting a gradual increase in cargoes of synthetic fuels that should provide a small nudge for tanker markets.

The UK broker said tanker owners should take note of projects such as Porsche's and Siemens' new "synfuel" plant in Chile.

This will use water and hydrogen through electrolysis to blend with captured carbon to produce e-methanol, which can further be refined to produce petrol, diesel and kerosene substitutes.