Frontline, World's Biggest Supertanker Operator, Sees `Huge' China Imports

Frontline Ltd., the world’s biggest supertanker operator, said it’s seeing “huge” demand for crude-oil imports from China, potentially reversing a slump that contributed to mostly unprofitable charter rates since June.
China, the world’s biggest energy user, cut net oil imports to the lowest level in 18 months last month, according to customs data released Nov. 10. Chinese oil companies made 44 percent more tanker bookings in October, for deliveries this month, data from Clarkson Research Services Ltd. show.
[Read More]
Source: Bloomberg