What’s Cooking in the Palm Oil Trade? (October 24th, 2014)
Will the palm oil trade continue to be a source of employment for newbuilding MRs?
Since 2000, palm oil exports have increased from 16.6 million metric tons (MT) to an estimated 44.6 million MT in 2014 – an impressive compound annual growth rate of 7.3%. Supply and demand developments in this trade point to continued growth until at least 2020.