The Libyan effect comes to the fore once more.

The tanker market is having to cope with yet another Libyan crisis and its effect in the flow of crude oil cargoes from the Northern African country. In its latest weekly report, shipbroker Gibson said that "yet again, global crude production has taken a major hit. Late last week forces loyal to the Libyan National Army (LNA) began shutting down oil ports along the Libyan coast. Latest reports suggest that almost all of Libya's production has been taken offline as ports remain blockaded and storage tanks begin to fill"...