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Strait of Hormuz crisis Tankers and Gas Energy

China’s demand for long-haul energy shipping will decrease, Danish Ship Finance says

  • In recent years, China has been importing more gas and crude from Russia via inland pipelines and shorter shipping routes
  • Because of Beijing’s push for more renewables, Chinese demand for imported fossil fuels started to fall
  • Different sourcing patterns have created more appetite for smaller vessels with shorter hauls

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The change in China’s shipping pattern is expected to continue as Beijing seeks to replace fossil fuels with a mix of renewable energy within the next 10 years

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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