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Tanker market outlook: India is a big player now
Apr 17:   What is the tanker market outlook for 2017-2021?
8India's rising demand for crude is playing a very important role in determining the projection outcomes in the long range and VLCC segments
8Supply disruptions also have a disproportionate impact on  India. To combat the decline in Nigerian production, for example, India increased its imports of both Iraqi and Iranian crude, which resulted in a 13.7% rise in tonne/mile demand for VLCCs engaged in this trade, while the West Africa/India sub-continent flow dropped by 14.6%.
8Then again, The Middle East, combined with India, contributed the highest amount of tonne/mile demand growth in 2016. This segment is going to continue to have a big global impact going ahead.
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