Posted 4/10/2024, 4:00:00 PM
Southern Africa Oil Boom Set to Boost Tanker Demand
- Tanker markets poised for growth due to rising output from new oil frontiers like Guyana and Namibia
- Namibia emerging as a promising new frontier after major discoveries by Shell and TotalEnergies
- Consultancy estimates Namibia's oil production could exceed 500,000 barrels per day within a decade
- VLCCs and Suezmax tankers likely to benefit from crude exports from Southern Africa
- Tanker company stocks flying high in 2024 on back of tightening supply/demand balance