Tanker transportation and oil transport functions as an important link to facilitate the flow of oil and products from their limited sources of origin derived to its destination all over the world. This particular section of ocean shipping industry is the main component of the movement of seaborne cargo. Even though oil is transported through pipelines and tankers and tank wagons, these movements are relatively small and often restricted to national or in a few cases trough the intra-regional trades. The increment in oil demand came not only from the United States & Western Europe, however there is a rapid oil demand recovery in Japan, a country with no domestic oil reserves. (more…)
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