MR demand hit could be imminent due to African shake-up, Gibson says

UK shipbroker Gibson believes a demand shock is coming for owners of MR tankers due to a shift in Nigeria’s import requirements.

The London shop noted that after “countless setbacks, unexpected challenges and a pandemic to deal with”, the country’s new 650,000-barrel-per-day Dangote refinery reached 85% of its operational capacity last month, and could achieve 100% within 30 days.

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This will reduce the need for clean products to be shipped in.