14 October 2010 13:34 [Source: ICIS news]
SINGAPORE (ICIS)--Oversupply of vessel space, piracy and sanctions against ?xml:namespace>
Many of the bitumen vessels in the
He was speaking at Conference Connection’s bitumen conference in
“Nearly 40,000 tonnes of vessel space is available in the region, more than double what is required,” he added.
Piracy is also growing concern to bitumen buyers and sellers, Pinto said, referring to the bitumen vessel MT Asphalt Venture, which was hijacked off the coast of
As the bitumen markets in the Middle East and
He estimated the size of the Middle East’s key bitumen markets as follows: demand in the United Arab Emirates (UAE) is around 30,000 tonnes/month; in
The conference runs from 14-15 October.
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