Oil has made the modern world in which we live, finding a replacement for the black gold and the many things that it can provide will be a hard-won process. That process now seems to be gaining momentum, but, despite all this, direct replacements will be at least a generation away. Meaning that there will be continued demand for oil, product, and chemical tankers for decades to come, even if the industry has to live with easing absolute demand at some point.
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Source: Gibson Shipbrokers Ltd
