Demand for shuttle tankers in countries with robust offshore oil production and limited pipeline infrastructure is set to grow continuously in the coming years, as produced volumes in need of transport rise to 3.3 billion barrels per year before the end of the decade, jumping 35% from 2.5 billion in 2021, a Rystad Energy report shows. The analysis focuses on the five key shuttle tanker markets – Brazil, Canada, Norway, the UK and Russia. In locations where subsea pipelines are unviable, shuttle tankers are crucial for moving liquids from wells to refineries and terminals. Apart from minor dips in total utilization ... (full story)