December 20, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Sales of all types of oceangoing oil tankers dropped precipitously in fourth-quarter 2024, according to data from Veson Nautical, a global provider of shipping logistics software. High ship prices, combined with weak demand from China, the world's largest oil importer, along with concerns over tariff threats from the incoming U.S. administration, are among the downward forces, according to the Veson report.