EXPORT REFINERIES AND TANKER TRADES
Presents a detailed analysis of the implications of OPEC members' current plans for refinery expansion. Describes the nature of the refining process, the historical development of refinery location and the factors affecting this development. Export refining capacity is defined. Potential additions to world refining capacity are examined in the light of the recent hiatus in the oil industry (including an analysis of recent revisions to refinery development plans) and the age structure of the existing stock of refining capacity. This section shows the likely future trends in the growth and geographical distribution of world refining capacity. World oil consumption is forecast up to 1985 on a geographical basis, and compared with projected refining capacity to indicate potential regional imbalances, taking account of possible attrition of obsolete refining plant. Potential future regional imbalances and inter-regional products trades are forecast for 1980 and 1985. These trades are then converted into product tanker requirements which, in combination with the demand from other, traditional, seaborne products trades yields a total product tanker demand forecast. The supply of product tankers is quantified, and by comparing forecast demand and known supply the future requirement for additional product tankers to meet new trade generated by source-located refineries is forecast.
Drewry (HP) (Shipping Consultants) LimitedPalladium House, 1-4 Argyll Street
London W1V 1AD, England
- Publication Date: 1975-9
- Pagination: 60 p.
- TRT Terms: Demand; Petroleum industry; Petroleum terminals; Tanker shipping; Tankers
- Uncontrolled Terms: Petroleum trade
- Old TRIS Terms: Tanker demand; Tanker economics
- Subject Areas: Economics; Marine Transportation;
- Accession Number: 00128175
- Record Type: Publication
- Source Agency: Drewry (HP) (Shipping Consultants) Limited
- Report/Paper Numbers: No. 35
- Files: TRIS
- Created Date: Dec 16 1975 12:00AM