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.

  • Supplemental Notes:
    • Price is approximately $12.30 per 10 reports for subscription.
  • Corporate Authors:

    Drewry (HP) (Shipping Consultants) Limited

    Palladium House, 1-4 Argyll Street
    London W1V 1AD,   England 
  • Publication Date: 1973-1

Media Info

  • Pagination: 68 p.
  • Serial:
    • Volume: 10

Subject/Index Terms

Filing Info

  • 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