SHORT-HAUL CRUDE OILS
As a result of trends the significance of short-haul crude in total world oil supplies will decline. In the 1960's the proportion of world oil supplies accounted for by short-haul crude oil production rose from about 17% to almost 20%. In contrast, this proportion (including Alaska, but excluding North Sea) is expected to decline to about 14% in 1975 and to remain at about this level up to 1980 (15% and 17% in 1975 and 1980 respectively, including North Sea). This will have the effect of increasing the average length of tanker voyages. The total tanker requirement for the transportation of short-haul routes will not increase significantly, but there will be a significant increase in demand for tankers to move short-haul (mainly North African) crudes over medium-haul routes (mainly to the U.S. East Coast). These movements could absorb growing numbers of VLCC's if transhipment takes place in the Caribbean and/or Canada, or if deep-water terminals are built in the U.S.A. However, comparatively inexpensive new tankers of 80,000-90,000 DWT are to be built which, insofar as they can be received at U.S. terminals with reasonably full cargoes, might be able to compete with transhipment operations.
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Drewry (HP) (Shipping Consultants) LimitedPalladium House, 1-4 Argyll Street
London W1V 1AD, England
- Publication Date: 1973-1
- Pagination: 68 p.
- Volume: 10
- TRT Terms: Economic forecasting; Economics; Petroleum industry; Shipping; Tanker shipping
- Uncontrolled Terms: Petroleum trade
- Old TRIS Terms: Shipping economics; Shipping forecasts; Tanker economics
- Subject Areas: Administration and Management; Economics; Marine Transportation;
- Accession Number: 00041329
- Record Type: Publication
- Source Agency: Drewry (HP) (Shipping Consultants) Limited
- Report/Paper Numbers: Series
- Files: TRIS
- Created Date: Mar 2 1973 12:00AM