Western Africa’s import of clean petroleum products drops 44% year on year

AI Summary

Western Africa’s imports of clean petroleum products fell 44% year-on-year from April to May, leading to a 47% reduction in tonne miles. This decline has significantly lowered the region's share in global clean petroleum product shipping volumes.

“During April to May, Western Africa’s clean petroleum product (CPP) imports fell 44% year on year, from 1,144 thousand barrels per day (kbpd) to 642 kbpd,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. The drop in import volumes cut tonne miles by 47% year on year, lowering the region’s share of global CPP tonne ...