US and China struggle to maintain tanker dominance
‘China is importing oil coming out of Iran — obviously that is out of the statistics that we are looking at,’ maritime conference delegates hear
Ridgeway Tankers chief says US is an inefficient exporter of oil. ‘We do not have the deep-water ports yet that we need to sustain 3m or 4m barrels a day, and we’re just doing it now. It’s inefficient for the entire system’