The ongoing massive wave of the coronavirus in India is likely to reduce demand for ships amid a slowdown in the South Asian nation’s crude imports, and potentially refined products exports, creating an artificial surplus of such oil tankers, market participants said April 30. Receive daily email alerts, subscriber notes & personalize your experience. Register Now A series of province-specific lockdowns across India, the world’s third-largest crude importer, are already being implemented, reducing demand for gasoline and diesel, which will prompt refineries to produce less of these products in the next two months and thereby process lesser crude, they said. There are also concerns over some ports refusing to allow crew changes in those ships which have called on Indian ports over the previous 14 days. With petroleum product demand expected to slow, market sources said some laden tankers that have already called at a few […]